Isaac Chetrit’s AB & Sons pays $29M to Anbau for development site in Hamilton Heights

Isaac Chetrit’s AB & Sons Group and an affiliate of Aini Capital through the entity ABS 153 LLC paid Anbau, Inc.’s 622-628 West 153 LLC $28.8 million for 620 West 153rd Street, 620 West 153rd Street in Hamilton Heights. The deal closed on May 15, 2020, and was recorded on May 20, 2020. The transaction consists of 2 parcels, including the tax class commercial condo recorded in Acris (CC).

The sale went into contract on February 12, 2020. Anbau purchased the property in 2018 for $22.5 million from Verizon and planned to build residential condos with 150 units, the Commercial Observer reported. In January 2020, Anbau bought the remaining interest in the property for $4.25 million from Verizon. The $14 million in debt provided to Anbau for its acquisition in 2018 was assigned to Ezra Aini’s Broadway Capital Holdings, which is affiliated with Aini Capital.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link