IAGG Holdings pays $3.6M for three commercial condos in Lower East Side

IAGG Holdings through the entity Iagg Holdings LLC paid $3.6 million to Eyal Davidas and Yaniv Cohen through the entity D.N.P. 336 Convent Avenue LLC for three commercial condominiums at 263 Bowery in Lower East Side, Manhattan.
The deal closed on December 22, 2021 and was recorded on January 25, 2022.
The three properties have 6,863 square feet of built space according to PincusCo analysis of city data. The sale price per built square foot is $524 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 Eyal Davidas and Yaniv Cohen was Steven Einig. The signatory for IAGG Holdings was Greg Garber.

(104538528)The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 4 residential units on September 5, 2012.
This is a deed in lieu of foreclosure according to the deed transfer. Eyal Davidas and Yaniv Cohen are listed as the sole members of the seller LLC in a lawsuit.
On the tax block, the majority, or 87 percent of the 192,552 square feet of built space are residential elevator buildings, with specialty buildings next occupying 10 percent of the space.
Within a 400-foot radius of 263 Bowery, Pincusco identified four commercial real estate items of interests occurred over the past 24 months.
Of those four items, three were sales above $5 million totaling $31.5 million. The most recent of the three was Amy Kit-Ming Mak which bought the 3,500-square-foot, three-unit mixed-use building (K4) on 5 Prince Street for $5.5 million from Anton Mayer on October 1, 2021.
One of those four items was a loan which Joseph Betesh borrowed $5.2 million from Signature Bank secured by the 14,291-square-foot, five-unit mixed-use building (K4) on 262 Bowery on May 21, 2020.

Direct link to Acris document. link