Green Street Group pays $2.9M for office in Tribeca

Green Street Group through the entity 141 West Broadway LLC paid $2.9 million through an estate sale to the Pantzer family through the entity Three Reddy LLC for the office building (O2) at 141 West Broadway in Tribeca, Manhattan. The expected use is cash flowing.
The deal closed on June 15, 2026 and was recorded on June 18, 2026. The property has 2,500 square feet of built space and 2,515 square feet of additional air rights for a total buildable of 5,014 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $1,160 and the price per buildable square foot is $578 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 the family of the late restaurateur Joan Pantzer was Dennis W. Pantzer . The signatory for Green Street Group was Joshua Greenberg . The contract date was March 12, 2025. Joan Pantzer died in 2024. She started the restaurant that became the Odeon, located next door at 145 West Broadway.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has records that the buyer Green Street Group purchased two properties in two transactions for a total of $6.5 million and has no record it sold any properties over the past 24 months.
The seller Joan Pantzer had not purchased any other properties and had not sold any properties over the same time period. The 2,500-square-foot property generated revenue of $195,307 or $78 per square foot, according to the most recent income and expense figures.

The property

The office building in Tribeca has 2,500 square feet of built space and 2,515 square feet of additional air rights for a total buildable of 5,014 square feet according to a PincusCo analysis of city data. The parcel has frontage of 16 feet and is 50 feet deep with a total lot size of 833 square feet. The zoning is C6-2A which allows for up to 6 times floor area ratio (FAR) for commercial and up to 6.02 times FAR for residential with inclusionary housing. The property is in the Tribeca South Historic District. The city-designated market value for the property in 2022 is $738,000.

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 not received any significant violations 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 neighborhood

In Tribeca, The bulk, or 47 percent of the 15.3 million square feet of commercial built space are office buildings, with elevator buildings next occupying 28 percent of the space. In sales, Tribeca has 1.9 times the average sales volume among other neighborhoods with $664.3 million in sales volume in the last two years and is the 17th highest in Manhattan. For development, Tribeca has 1.9 times the average amount of major developments relative to other neighborhoods and is the 14th highest in Manhattan. It had 3.1 million square feet of commercial and multi-family construction under development in the last two years, which represents 20 percent of the neighborhood’s built space. There were 125 pre-foreclosure suit filed among other office buildings in the past 12 months.

The block

On this tax block, PincusCo has identified the owners of three of the seven commercial properties representing 10,755 square feet of the 60,045 square feet. The largest owner is Steven Fei Fang , followed by Maverick Management and then Arthur Pantzer As Trustee.
There are no active new building construction projects on this tax block.

The majority, or 52 percent of the 60,045 square feet of built space are elevator buildings, with mixed-use buildings next occupying 44 percent of the space.

The buyer

The PincusCo database currently indicates that Green Street Group owned at least 11 commercial properties with 153 residential units in New York City with 38,379 square feet and a PincusCo-determined asset value of $116.3 million. The portfolio has $132.7 million in debt, with top three lenders as Dwight Capital , Preferred Bank , and Bankwell Bank respectively. Within the portfolio, the bulk, or 38 percent of the 38,379 square feet of built space are mixed-use properties, with walkup properties next occupying 34 percent of the space. The bulk, or 78 percent of the built space, is in Brooklyn, with Manhattan next at 21 percent of the space.

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