Jack Geula pays $4.4M for 3 walkups in East Harlem with a total of 60 units

Jack Geula paid $4.4 million to Christopher Cappi in three transactions for three residential walkups in East Harlem, Manhattan, that have a total of 60 residential units.

In the first, Jack Geula through the entity 307e 109 LLC paid $1.8 million to Cristopher Cappi through the entity Cc 307 LLC for the 24-unit residential walkup building (C1) at 307 East 109th Street in East Harlem, Manhattan. The expected use is cash flowing.
The deal closed on November 19, 2025 and was recorded on December 11, 2025. The property has 13,296 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $135 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.)

In the second, Jack Geula through the entity 305e109 LLC paid $1.3 million to Cristopher Cappi through the entity Cc 305 LLC for the 24-unit residential walkup building (C1) at 305 East 109th Street in East Harlem, Manhattan. The expected use is cash flowing.
The deal closed on November 19, 2025 and was recorded on December 11, 2025. The property has 13,296 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $97 per the PincusCo analysis. (

In the third, Jack Geula through the entity 326e 109 LLC paid $1.3 million to Cristopher Cappi through the entity Cc 326 LLC for the 12-unit residential walkup building (C4) at 326 East 109th Street in East Harlem, Manhattan. The expected use is cash flowing.
The deals closed on November 19, 2025 and was recorded on December 11, 2025.

Prior sales and revenue

Prior to this transaction, PincusCo has records that the buyer Jack Geula purchased one property in one transaction for a total of $5.3 million and has no record it sold any properties over the past 24 months.
The seller Cristopher Cappi had not purchased any other properties and had not sold any properties over the same time period. The former owner according to the Department of Housing Preservation and Development is Christopher Cappi, head officer. The business entity is Cc 326 Llc.

The property

The residential walkup building with 24 residential units in East Harlem has 13,296 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 28 feet and is 100 feet deep with a total lot size of 2,876 square feet. The zoning is R7A which allows for up to 4 times floor area ratio (FAR) for residential with inclusionary housing. The city-designated market value for the property in 2022 is $2 million. The property has 24 rent regulated units according to city tax records from 2024.

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 10 housing violations, $1,000 in OATH penalties, and one housing litigation 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 11 of the 30 commercial properties representing 114,923 square feet of the 212,583 square feet. The largest owner is Morris Platt, followed by Mack Real Estate Group and then Solar Realty Management.
There are no active new building construction projects on this tax block.

The majority, or 38 percent of the 212,583 square feet of built space are walkup buildings, with mixed-use buildings next occupying 32 percent of the space.

The buyer

The PincusCo database currently indicates that Jack Geula owned at least nine commercial properties with 261 residential units in New York City with 220,497 square feet and a city-determined market value of $13.9 million. (Market value is typically about 50% of actual value.) The portfolio has $39 million in debt, borrowed from Customers Bank. Within the portfolio, all identified are walkup properties. The bulk, or 75 percent of the built space, is in Brooklyn, with Manhattan next at 25 percent of the space.

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