David Werner buys 2 Cooper Square leasehold for $84M

David Werner through the entity 2 Cooper Holdings LP acquired a leasehold from the Kuwaiti investment fund Wafra through the entity 2 Cooper Square LLC valued at $83.9 million for 2 parcels, including the tax class multifamily, fireproof – with stores (D6) and containing 143 residential units at 2 Cooper Square, 37 East 4 Street in Noho. The deal closed on August 14, 2019 and was recorded on August 29, 2019.
The property contains a total of 128,300 square feet of built space. The property has 1,045 square feet of available development rights. The underlying fee is owned by the estate of Sol Goldman’s Solil Management.
The last time the property sold was January 27, 2012, for $134,050,000. The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 132 residential (or hotel) units on September 18, 2014.
Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $10,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $115,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
A recent story on the property. link.