James Rogers-Gahan pays $9.2M to RYCO Capital for mixed-use in Greenwich Village

James Rogers-Gahan through the entity 280 Bleecker Street Owner LLC paid $9.2 million to RYCO Capital through the entity Keystone 280 Bleecker LLC for the three-unit mixed-use building (S3) at 280 Bleecker Street in Greenwich Village, Manhattan. The expected use is cash flowing.
The deal closed on April 23, 2026 and was recorded on April 30, 2026. The property has 4,208 square feet of built space and 1,511 square feet of additional air rights for a total buildable of 5,713 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $2,198 and the price per buildable square foot is $1,618 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 16, 2021, for $4.8 million. The signatory for RYCO Capital was James D. Ryan III. The signatory for James Rogers-Gahan was James Rogers-Gahan. The contract date was December 12, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer James Rogers-Gahan had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller RYCO Capital purchased 10 properties in eight transactions for a total of $142.2 million and sold 10 properties in nine transactions for a total of $105.2 million over the same time period. The former owners according to the Department of Housing Preservation and Development includes Joshua Gabbay, head officer and Marcos Duetelmoser, site manager. The business entity is Keystone 280 Bleecker Llc.

The property

The mixed-use building with 3 residential units in Greenwich Village has 4,208 square feet of built space and 1,511 square feet of additional air rights for a total buildable of 5,713 square feet according to a PincusCo analysis of city data. The parcel has frontage of 26 feet and is 75 feet deep with a total lot size of 1,661 square feet. The lot is irregular. The zoning is C2-6 which allows for up to 2 times floor area ratio (FAR) for commercial and up to 3.44 times FAR for residential. The property is in the Greenwich Village Historic District Extension II. The city-designated market value for the property in 2022 is $3.5 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 $50 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 Greenwich Village, The bulk, or 24 percent of the 22.4 million square feet of commercial built space are specialty buildings, with hotel buildings next occupying 17 percent of the space. In sales, Greenwich Village has 3.6 times the average sales volume among other neighborhoods with $1.3 billion in sales volume in the last two years and is the 10th highest in Manhattan. For development, Greenwich Village has had very little major development activity relative to other neighborhoods.It had 1.2 million square feet of commercial and multi-family construction under development in the last two years, which represents 5 percent of the neighborhood’s built space. There were 222 pre-foreclosure suit filed among other mixed-use buildings in the past 12 months.

The block

On this tax block, PincusCo has identified the owners of 11 of the 18 commercial properties representing 113,670 square feet of the 156,018 square feet. The largest owner is Beechwood Organization, followed by Harounian Enterprises and then J&L Holding.
There are no active new building construction projects on this tax block.

The majority, or 72 percent of the 156,018 square feet of built space are walkup buildings, with elevator buildings next occupying 14 percent of the space.

The seller

The PincusCo database currently indicates that Ryco Capital owned at least 19 commercial properties with 271 residential units in New York City with 255,921 square feet and a PincusCo-determined asset value of $244.5 million. Within the portfolio, the bulk, or 51 percent of the 255,921 square feet of built space are walkup properties, with elevator properties next occupying 26 percent of the space. The bulk, or 95 percent of the built space, is in Manhattan, with Brooklyn next at 4 percent of the space.

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