Eenhoorn pays $77M to Circle F Capital for unsold condos in Financial District

Eenhoorn through the entity 1 Park Row Owner, LLC paid $77 million to Circle F Capital through the entity 1 Park Row Development, LLC for the 61 residential condominium units and four commercial condominium units that make up 1 Park Row in Financial District, Manhattan. There is one additional residential condo unit in the building, unit 9D, which was sold to an individual buyer.
The deal closed on December 30, 2025 and was recorded on January 21, 2026.
The signatory for Circle F Capital was Gary Feldman . The signatory for Eenhoorn was Paulus C. Heule . The contract date was December 23, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Eenhoorn had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Circle F Capital had not purchased any other properties and had not sold any properties over the same time period.

The block

On the tax block of 1 Park Row, PincusCo has identified the owners of two of the seven commercial properties representing 44,273 square feet of the 321,773 square feet. The two identified owners are Circle F Capital and Atlas Capital Group.
On the tax block, there were three new building construction projects totaling 360,621 square feet. The largest is a 110-unit, 266,238 square-foot residential (R-2) building submitted by L+M Development Partners and filed by David Dishy with plans filed April 5, 2016 and permitted December 1, 2016. The second largest is a 31-unit, 72,901 square-foot residential (R-2) building submitted by Ira Weidhorn with plans filed July 15, 2015 and permitted June 3, 2016.

The majority, or 83 percent of the 321,773 square feet of built space are elevator buildings, with retail buildings next occupying 13 percent of the space.

The seller

The PincusCo database currently indicates that Circle F Capital owned at least two commercial properties with 73 residential units in New York City with 62,130 square feet and a city-determined market value of $8.6 million. (Market value is typically about 50% of actual value.) The portfolio has $179.2 million in debt, with top three lenders as Parkview Financial, 3650 REIT, and Maxim Credit Group respectively. Within the portfolio, the bulk, or 68 percent of the 62,130 square feet of built space are retail properties, with elevator properties next occupying 32 percent of the space. The bulk, or 68 percent of the built space, is in Manhattan, with Queens next at 32 percent of the space.

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