Ellen McGrath pays $15.8M to Four Winds Real Estate for mixed-use in West Village

Ellen McGrath through the entity 684 Greenwich St NYC LLC paid $15.8 million to Four Winds Real Estate through the entity 684 Greenwich Owners, LLC for the property (C4) at 684 Greenwich Street in West Village, Manhattan, with five apartments and one commercial space occupied by the restaurant Libertine. The expected use is cash flowing.
The deal closed on March 20, 2026 and was recorded on March 30, 2026. The property has 4,875 square feet of built space and 1,631 square feet of additional air rights for a total buildable of 6,500 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $3,241 and the price per buildable square foot is $2,430 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 April 12, 2018, for $8.8 million. The signatory for Four Winds Real Estate was Joshua Landau . The signatory for Ellen McGrath was Ellen McGrath. The contract date was March 20, 2026.

A JLL team was marketing the property, asking for $16.95 million, according to the property listing website.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Ellen McGrath had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Four Winds Real Estate purchased one property in one transaction for a total of $68 million and sold two properties in one transaction for a total of $17.8 million over the same time period. The former owners according to the Department of Housing Preservation and Development includes Joshua Landau, head officer and Adam Reisman, officer. The business entities are Md Squared Property Group and 684 Greenwich Owners Llc.

The property

The property with 4 residential units in West Village has 4,875 square feet of built space and 1,631 square feet of additional air rights for a total buildable of 6,500 square feet according to a PincusCo analysis of city data. The parcel has frontage of 18 feet and is 75 feet deep with a total lot size of 2,675 square feet. The zoning is R6 which allows for up to 2.43 times floor area ratio (FAR) for residential. The property is in the Greenwich Village Historic District Extension. The city-designated market value for the property in 2022 is $4 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has received $3,150 in OATH penalties in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The block

On this tax block, PincusCo has identified the owners of 10 of the 17 commercial properties representing 69,681 square feet of the 155,669 square feet. The largest owner is Hakimian Organization, followed by Stephen Friedman and then Rhea Sohne.
There are no active new building construction projects on this tax block.

The majority, or 43 percent of the 155,669 square feet of built space are specialty buildings, with walkup buildings next occupying 28 percent of the space.

The seller

The PincusCo database currently indicates that Four Winds Real Estate owned at least six commercial properties with 238 residential units in New York City with 211,605 square feet and a city-determined market value of $61.3 million. (Market value is typically about 50% of actual value.) The portfolio has $96.6 million in debt, with top three lenders as Arbor Realty Trust, Voya Financial, and Resource America respectively. Within the portfolio, the bulk, or 86 percent of the 211,605 square feet of built space are elevator properties, with walkup properties next occupying 13 percent of the space. They are all located in Manhattan.

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