Davean Holdings pays $8M to Andre Grabowicz for two rentals in Greenwich Village

Davean Holdings paid $8 million to Andre Grabowicz for two rentals in Greenwich Village in two separate transactions.

In the first, Davean Holdings through the entity 235 Sullivan Street Owner LLC paid $5.1 million to Andre Grabowicz for the eight-unit rental (C5) at 235 Sullivan Street in Greenwich Village, Manhattan.
The deal closed on September 30, 2021 and was recorded on October 8, 2021.
The property has 4,163 square feet of built space according to PincusCo analysis of city data. The sale price per built square foot is $1,229 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 Andre Grabowicz was Andre Grabowicz. The signatory for Davean Holdings was Sean Lefkovits. Davean Holdings has been an active real estate player over the past several months.

The former owner according to the Department of Housing Preservation and Development was Andre Grabowicz, individual owner.

Within a 400-foot radius of 235 Sullivan Street, PincusCo identified six commercial real estate items of interests occurred over the past 24 months.
One of those six items was a sale which EcoRise Development bought the 28,380-square-foot, 21-unit rental (D7) on 159 Bleecker Street for $35.7 million from Joyland Group, Howard Hershkovich, and Benjamin Smuk on March 2, 2020.
Of those six items, five were loans above $5 million totaling $56.1 million. The most recent of the five was Anthony C. Marano which borrowed $5.6 million from ConnectOne Bank secured by one condo unit in the four-unit mixed-use building (RM) on 70 West 3rd Street and one other property on June 11, 2021.

Direct link to Acris document. link

In the second, Davean Holdings through the entity 231 Sullivan Street Owner LLC paid $2.9 million to Andre Grabowicz for five-unit mixed-use building (S5) at 231 Sullivan Street in Greenwich Village, Manhattan.
The deal closed on September 30, 2021 and was recorded on October 8, 2021.
The property has 4,925 square feet of built space and 240 square feet of additional air rights for a total buildable of 5,160 square feet according to PincusCo analysis of city data. The sale price per built square foot is $584 and the price per buildable square foot is $558 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 Andre Grabowicz was Andre Grabowicz. The signatory for Davean Holdings was Sean Lefkovits.

Direct link to Acris document. link