Denali Management pays $12.5M to Rettner for 6 rentals in Manhattan, Bronx

Denali Management pays $12.5M to Rettner Building Management for six rental buildings in Manhattan and the Bronx.

In the first transaction, Denali Management through the entity 501 W 147 LLC paid $8.5 million to Rettner Building Management through the entity 147 Amsterdam LLC for 17-unit rental (C7) at 1760 Amsterdam Avenue in Harlem, Manhattan, eight-unit rental (C7) at 1766 Amsterdam Avenue in Harlem, Manhattan, and eight-unit rental (C7) at 1764 Amsterdam Avenue in Harlem, Manhattan.
The deal closed on October 6, 2021 and was recorded on October 22, 2021.
The three properties have 26,912 square feet of built space and 5,060 square feet of additional air rights for a total buildable of 32,000 square feet according to PincusCo analysis of city data. The sale price per built square foot is $315 and the price per buildable square foot is $265 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 Denali Management was Jonathan Wiener.
Rosewood Realty Group’s Aaron Jungreis, Ben Khakshoor and Alex Fuchs represented the buyer and seller, according to the brokerage.

The owners according to the Department of Housing Preservation and Development includes Ronald Rettner, head officer and Arnaldo Rojas, site manager. The business entity is 147 Amsterdam Llc.

Direct link to Acris document. link

In the second transaction, Denali Management through the entity 741 E 217 LLC paid $4 million to Rettner Building Management through the entity Matt 217 St Realty LLC for seven-unit rental (C1) at 743 East 217th Street in Williamsbridge, Bronx, seven-unit rental (C1) at 741 East 217th Street in Williamsbridge, Bronx, and seven-unit rental (C1) at 745 East 217th Street in Williamsbridge, Bronx.
The deal closed on October 6, 2021 and was recorded on October 22, 2021.
The three properties have 18,418 square feet of built space according to PincusCo analysis of city data. The sale price per built square foot is $217 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 Rettner Building Management was Ronald Rettner. The signatory for Denali Management was Jonathan Wiener.
(200860559)The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 7 residential units on June 9, 2014. (200860559) Plans for a 7-unit, 0 square-foot J-2 were filed on June 4, 2004 and were permitted on May 11, 2005.
The former owners according to the Department of Housing Preservation and Development included Ronald Rettner, head officer and Andy Rosado, site manager. The business entity was Matt 217 St Realty Llc.

Direct link to Acris document. link