Denali Management pays $29.5M to Sharp Management for rentals in Bronx

Denali Management paid $29.5 million to Sharp Management for rentals in Bronx in three separate transactions.

In the first, Denali Management through the entity 526-530-534 E 138 LLC paid $17.9 million to Sharp Management through the entity Medary Stenton Associates for 29-unit rental (C7) at 526 East 138th Street in Mott Haven, Bronx, 40-unit rental (C7) at 530 East 138th Street in Mott Haven, Bronx, and 40-unit rental (C7) at 534 East 138th Street in Mott Haven, Bronx.
The deal closed on September 24, 2021 and was recorded on October 7, 2021.
The three properties have 62,928 square feet of built space according to PincusCo analysis of city data. The sale price per built square foot is $284 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 Sharp Management was Martin Kirzner. The signatory for Denali Management was Jonathan Wiener.

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In the second, Denali Management through the entity 801 Southern LLC paid $3 million to Sharp Management through the entity Sobro Sharp Iv LLC for 19-unit rental (C7) at 1025 Longwood Avenue in Longwood, Bronx.
The deal closed on September 24, 2021 and was recorded on October 7, 2021.
The property has 21,000 square feet of built space according to PincusCo analysis of city data. The sale price per built square foot is $142 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 seller bought the property on May 17, 2007, for $997,000.
The signatory for Sharp Management was Martin Kirsner. The signatory for Denali Management was Jonathan Wiener.
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. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $15,500.
The owners according to the Department of Housing Preservation and Development includes Martin Kirzner, head officer and Janitza Jimenez, agent. The business entity is Sobro Sharp Iv Llc.
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In the third, Denali Management through the entity 3007-09 3rd LLC paid $3 million to Sharp Management through the entity Sobro Sharp Iv LLC for nine-unit rental (C7) at 3009 3rd Avenue in Melrose, Bronx.
The deal closed on September 24, 2021 and was recorded on October 7, 2021.
The property has 11,069 square feet of built space and 11,310 square feet of additional air rights for a total buildable of 22,360 square feet according to PincusCo analysis of city data. The sale price per built square foot is $266 and the price per buildable square foot is $131 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 seller bought the property on May 17, 2007, for $1 million.
The signatory for Sharp Management was Martin Kirzner. The signatory for Denali Management was Jonathan Wiener.
(220619267)The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 4 residential units on May 30, 2019.
The former owners according to the Department of Housing Preservation and Development included Martin Kirzner, head officer and Janitza Jimenez, site manager. The business entity was Sobro Sharp Iv Llc.

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