Conway Capital pays $7.4M for two East Village rentals

Abe Cohen’s Conway Capital paid $7.4 million for two East Village rental buildings in two transactions with separate sellers.

In the larger, Conway Capital through the entity 405 East 6th Street CC LLC paid Louise Pfister’s 405 LP/AA LLC $4 million for 405 East 6th Street in East Village. The deal closed on February 11, 2021 and was recorded on March 1, 2021. The transaction consists of 1 parcel, including the tax class primarily two family with store or office (S2) and containing 2 residential units. The property is 4,872 square feet. The parcel(s) have total development potential of 4,872 square feet.
The average sale price per square foot is $826.

December 3, 2020.
Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000.

Direct link to Acris document. link
The signatory for the buyer or lender was Abe Cohen

In the second, Conway Capital through the entity 197 East 7Th Street CC LLC paid Irene Kowalczyk’s Atk Sisters, LLC $3.4 million for 197 East 7th Street in East Village. The deal closed on February 11, 2021 and was recorded on March 1, 2021. The transaction consists of 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 10 residential units. The property is 5,320 square feet. The parcel(s) have total development potential of 5,320 square feet.
The average sale price per square foot is $644.

The contract date was November 17, 2020. The Kowalczyk family bought the property in 1990.
Direct link to Acris document. link