DDG Partners sells Carnegie hill condo unit for $14.5M

The entity 180 88th Holding LLC paid $14.5 million to DDG Partners through the entity 180 East 88th Street Realty LLC for residential condominium unit 42 at 180 East 88th Street in Carnegie Hill, Manhattan.
The deal closed on January 12, 2022 and was recorded on February 14, 2022.
The property has 4,017 square feet of built space according to PincusCo analysis of city data. The sale price per built square foot is $3,609 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 DDG Partners was Joseph A. McMillan, Jr.. The signatory for 180 88th Holding LLC was Matthew L. Goldberg.

(121186518)The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 47 residential units on September 15, 2020.
This is for unit 42.
On the tax block, the majority, or 69 percent of the 854,151 square feet of built space are residential elevator buildings, with residential walkup buildings next occupying 14 percent of the space.
Within a 400-foot radius of 180 East 88th Street, PincusCo identified seven commercial real estate items of interests occurred over the past 24 months.
Of those seven items, one was for major renovation including a certificate of occupancy change. It was an initial temporary certificate of occupancy issued on November 24, 2020 for the $844,000 renovation of the R-3 building with one residential unit at 156 East 89th Street.
Of those seven items, six were loans above $5 million totaling $163.4 million. The most recent of the six was the Caiola Family which borrowed $15.7 million from JPMorgan Chase secured by the 81,837-square-foot, 100-unit rental (D6) on 1588 3rd Avenue on February 7, 2022.

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