GID Development Group sells Lincoln Square condo for $15.5M

Hanging Valley Pha, LLC paid $15.5 million to GID Development Group through the entity Rcb1 Residential For Sale LLC for condo (SC) at 400 West 61st Street in Lincoln Square, Manhattan.
The deal closed on August 2, 2021 and was recorded on August 5, 2021.
The property has 4,694 square feet of built space according to PincusCo analysis of city data. The sale price per built square foot is $3,292 per the PincusCo analysis.
The signatory for GID Development Group was John Gagnier. The signatory for Hanging Valley Pha, LLC was Andrew Jorges.
(121193181)The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 645 residential units on August 18, 2020.
This if for unit PHA.
There was a condominium project filed with the address 30 Riverside Boulevard and the name Two Waterline Square Condominium on May 31, 2016. The principals of the sponsor, Rcb1 Residential For Sale Llc, was John Gagnier. link

Within a 400-foot radius of 400 West 61st Street, PincusCo identified two commercial real estate items of interests occurred over the past 24 months.
One of those two items was a sale which 60 Rsb U21 LLC bought one condo unit in the 5,847-square-foot, 263-unit mixed-use building (RM) on 60 Riverside Boulevard for $13.2 million from Joseph Lucania on May 18, 2021.
One of those two items was a loan which GID Real Estate Investments borrowed $127.7 million from Prudential Financial secured by the 253,788-square-foot, 213-unit rental (D8) on 400 West 63rd Street and five other properties on November 19, 2020.

Direct link to Acris document. link