Checo Acquisitions pays $10M for 12-unit walkup in West Village

UPDATED 12:17 p.m., July 30, 2025: Josef Chehebar’s Checo Acquisitions through the entity Checo 200 West 14th LLC paid $10 million to David Haselkorn through the entity Waverly Real Estate, LLC for the walkup building (C7) with 12 residential units and six commercial units at 62 Seventh Avenue in West Village, Manhattan. The expected use is cash flowing.
The deal closed on July 23, 2025 and was recorded on July 29, 2025. The property has 12,239 square feet of built space and 7,306 square feet of additional air rights for a total buildable of 19,552 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $817 and the price per buildable square foot is $511 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for David Haselkorn was David L. Haselkorn. The signatory for Checo Acquisitions was Josef Chehebar . The contract date was July 23, 2025.

Prior sales and revenue

Prior to this transaction, PincusCo has records that the buyer Checo Acquisitions purchased two properties in one transaction for a total of $14.5 million and has no record it sold any properties over the past 24 months.
The seller David Haselkorn had not purchased any other properties and had not sold any properties over the same time period. The former owners according to the Department of Housing Preservation and Development includes Magdalena Kosz, head officer and Denay Riley, officer. The business entity is Waverly Realty Co. The 12,239-square-foot property generated revenue of $956,003 or $78 per square foot, according to the most recent income and expense figures.

The property

The residential walkup building with 12 residential units in West Village has 12,239 square feet of built space and 7,306 square feet of additional air rights for a total buildable of 19,552 square feet according to a PincusCo analysis of city data. The parcel has frontage of 26 feet and is 100 feet deep with a total lot size of 2,600 square feet. The zoning is C6-3A which allows for up to 6 times floor area ratio (FAR) for commercial and up to 7.52 times FAR for residential with inclusionary housing. The city-designated market value for the property in 2022 is $6.2 million. The property has 6 rent regulated units according to city tax records from 2023.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has received two DOB violations, $2,500 in ECB penalties, and $5,600 in OATH penalties in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The block

On this tax block, PincusCo has identified the owners of 17 of the 31 commercial properties representing 353,393 square feet of the 501,344 square feet. The largest owner is Midwood Investment & Development, followed by S.W. Management and then Croman Real Estate.
On the tax block, there was one new building construction project filed totaling 29,671 square feet. It is a 29,671 square-foot business (B) building submitted by Chun Lee with plans filed February 12, 2015 and permitted May 10, 2019.

The majority, or 45 percent of the 501,344 square feet of built space are elevator buildings, with walkup buildings next occupying 25 percent of the space.

The buyer

The PincusCo database currently indicates that Checo Acquisitions owned at least two commercial properties with 41 residential units in New York City with 31,146 square feet and a city-determined market value of $6.6 million. (Market value is typically about 50% of actual value.) The portfolio has $9.4 million in debt, borrowed from JPMorgan Chase. Within the portfolio, all identified are walkup properties. They are all located in Manhattan.

Correction: A prior version of this post used an image of the wrong property. In addition, the post was updated to note there are six commercial units in addition to the 12 residential units.

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