Four newly active buyers in New York City

PincusCo is spotlighting four buyers who are newly active or new to the market, meaning they have not purchased anything in the past three years. This is for sales of $2 million and up.

Sivan Properties: Sivan Properties is not a new company and it did not make its first purchase in the past few weeks, but PincusCo first became aware of the investment firm this month and it turns out to be a huge owner. The firm’s website says it’s a third-generation company founded as a partnership of the Sivan and Mermel families. It has wide holdings, according to its website, in real estate as well as other verticals outside real estate, with stakes in companies such as Founders Bank and the American Land Fund. The first acquisition in which PincusCo identified Sivan as the buyer was 31 Wyckoff Avenue for $2.5 million, which closed on May 17. The building is on a stretch of Bushwick the firm knows well. It lent $500,000 to the seller in 2020, and it already owns 18 Wyckoff Avenue and 15-17 Wyckoff Avenue.

Gandalfo DiFiore: Gandalfo DiFiore, who operates out of Astoria, owns a portfolio of at least seven buildings, and is not new to the market. We count DiFiore as newly active through his most recent purchase, of a walkup building at 24-60 32 Street, in Ditmars Steinway for $3.9 million, which is the first purchase we have tracked over the past three years.

Uri Koptiev: Uri Koptiev bought his first property in at least three years, according to a PincusCo analysis. He acquired 756 Union Street for $7.35 million.

Joseph Nazar: Joseph Nazar is the CEO of a brand company Studio Nazar, and he purchased a Garment District building at 221 West 37th Street for $15.4 million. This is the first building PincusCo identified Nazar as having purchased in at least three years.