Chestnut Holdings pays $12.25M to Katzenell family for 58 units in Yorkville

Chestnut Holdings of New York paid $12.25 million to the Katzenell family for 58 units in four properties in Yorkville, in four separate transactions.

In the first, Chestnut Holdings of New York through the entity 424 E 85 LLC paid Katzenell family’s Eastside Realty Company, LLC $3.9 million for 424 East 85th Street in Yorkville. The deal closed on October 20, 2020, and was recorded on October 29, 2020. The transaction consists of 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 20 residential units. The property is 10,255 square feet. The parcel(s) have total development potential of 10,255 square feet.
The sale price per unit is $196,000..

The sellers were Herman and Marion Katzenell. The contract date was August 29, 2020.

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The signatory for the buyer or lender was Anthony Simari

In the second, Chestnut Holdings of New York through the entity 426 E 85 LLC paid Katzenell family’s Eastside Realty Company, LLC $3.2 million for 426 East 85th Street in Yorkville. The deal closed on October 20, 2020, and was recorded on October 29, 2020. The transaction consists of 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 17 residential units. The property is 8,145 square feet. The parcel(s) have total development potential of 10,214 square feet.
The sale price per unit is $187,353..

The contract date was August 29, 2020.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

In the third, Chestnut Holdings of New York through the entity 520 E 83 LLC paid Katzenell family’s Mhk LLC $2.7 million for 520 East 83rd Street in Yorkville. The deal closed on October 20, 2020, and was recorded on October 29, 2020. The transaction consists of 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 11 residential units. The property is 8,120 square feet. The parcel(s) have total development potential of 10,214 square feet.
The sale price per unit is $245,000..

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

In the fourth, Chestnut Holdings of New York through the entity 449 E 84 LLC paid Katzenell family’s Mhk LLC $2.5 million for 449 East 84th Street in Yorkville. The deal closed on October 20, 2020, and was recorded on October 29, 2020. The transaction consists of 1 parcel, including the tax class multifamily, old law tenements (C4) and containing 10 residential units. The property is 7,645 square feet. The parcel(s) have total development potential of 10,225 square feet.
The average sale price per square foot is $240.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link