Izaki Group pays $38.1M to Planned Parenthood for office in NoHo

Izaki Group Investment through the entity 26 Bleecker LLC paid $38.1 million to Planned Parenthood through the entity Planned Parenthood Of Greater New York, Inc. for the office building (O7) at 26 Bleecker Street in NoHo, Manhattan.
The deal closed on December 3, 2025 and was recorded on December 5, 2025. The property has 43,365 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $879 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 December 16, 2003, for $5 million. The signatory for Planned Parenthood was Wendy Stark . The signatory for Izaki Group Investment was Eldad Blaustein . The contract date was July 30, 2025. Planned Parenthood bought the property in 2003.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Izaki Group Investment had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Planned Parenthood had not purchased any other properties and had not sold any properties over the same time period.

The property

The office building in NoHo has 43,365 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 69 feet and is 90 feet deep with a total lot size of 6,455 square feet. The lot is irregular. The zoning is C6-2 which allows for up to 6 times floor area ratio (FAR) for commercial and up to 6.02 times FAR for residential. The property is in the NoHo East Historic District. The city-designated market value for the property in 2022 is $9.7 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 $2,530 in ECB penalties and $2,530 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 neighborhood

In NoHo, The majority, or 55 percent of the 3.8 million square feet of commercial built space are office buildings, with elevator buildings next occupying 14 percent of the space. In sales, NoHo has had very little sales volume relative to other neighborhoods with $116.1 million in sales volume in the last two years. For development, NoHo has had very little major development activity relative to other neighborhoods.It had 226,766 square feet of commercial and multi-family construction under development in the last two years, which represents 6 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of seven of the 19 commercial properties representing 331,389 square feet of the 475,589 square feet. The largest owner is Zucker Organization, followed by Empire State Realty Trust and then Solil Management.
There are no active new building construction projects on this tax block.

The majority, or 62 percent of the 475,589 square feet of built space are elevator buildings, with mixed-use buildings next occupying 15 percent of the space.

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