IHL Equities pays $8.2M for 4-unit building in Greenwich Village

UPDATED 8:22 a.m., August 16, 2025: IHL Equities through the entity Chateau Waverly Estates LLC paid $8.2 million to Sage Fuchs through the entity MF Townhouse LLC for the four-unit building (C3) at 144 Waverly Place in Greenwich Village, Manhattan. The expected use is cash flowing.
The deal closed on January 30, 2025 and was recorded on February 3, 2025. The property has 6,135 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $1,343 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 25, 2019, for $9.2 million. The signatory for Sage Fuchs was Sage Fuchs. The signatory for IHL Equities was Ira Lifshutz. The contract date was August 13, 2024. The listing on Leslie J. Garfield & Co. says the building was constructed as a single-family home in 1839. An affiliate of the Brodsky Organization owns the adjacent property at 140 Waverly Place.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer IHL Equities had purchased any other properties and sold one property in one transaction for a total of $6.9 million over the past 24 months.
The seller Sage Fuchs had not purchased any other properties and had not sold any properties over the same time period. The former owners according to the Department of Housing Preservation and Development includes Jay Solinsky, head officer and Greg Kirschenbaum, officer. The business entity is Mf Townhouse Llc.

The property

The building with four residential units in Greenwich Village has 6,135 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 22 feet and is 97 feet deep with a total lot size of 2,231 square feet. The lot is irregular. 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. The city-designated market value for the property in 2022 is $5.2 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 $100 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 15 of the 31 commercial properties representing 239,956 square feet of the 366,765 square feet. The largest owner is S.W. Management, followed by SDG Management and then William Gottlieb Real Estate.
There are no active new building construction projects on this tax block.

The majority, or 41 percent of the 366,765 square feet of built space are elevator buildings, with walkup buildings next occupying 33 percent of the space.

The buyer

The PincusCo database currently indicates that Ihl Equities owned at least two commercial properties with 12 residential units in New York City with 14,212 square feet and a city-determined market value of $8.5 million. (Market value is typically about 50% of actual value.) Within the portfolio, the bulk, or 63 percent of the 14,212 square feet of built space are elevator properties, with walkup properties next occupying 37 percent of the space. They are all located in Manhattan.

Correction: A prior version of this post misspelled the surname of Ira Lifshutz as Lifschutz.

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