Jamestown CEO signs $16.1M purchase of adjacent buildings in West Village

Jamestown CEO Matt Bronfman was the signatory in the $16.1 million purchase of two adjacent, mixed-use buildings in the West Village with a total of nine residential units at 801 and 803 Greenwich Street, in two separate transactions. It was unclear if Matt Bronfman was purchasing this as a personal investment or signed on behalf of others.

Jamestown said in a statement: “We advised a buyer for a separate account,” but would not elaborate. The brokers from Compass and Marcus & Millichap who marketed the properties declined to comment. The acquisition, thought still significant, is small compared to a typical Jamestown investment.

In the first deal, Bronfman through the entity 801 Greenwich Holdings L.P. paid $10.7 million to Ira S. Mark, Anton Sanko, and Sarah H. Henry through the entity Mark Family Realty LLC for four-unit mixed-use building (S9) at 801 Greenwich Street in West Village, Manhattan.
The deal closed on December 7, 2021 and was recorded on December 23, 2021.
The property has 11,496 square feet of built space according to PincusCo analysis of city data. The sale price per built square foot is $926 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 signatory for Ira S. Mark, Anton Sanko, and Sarah H. Henry was Ira S. Mark, Anton Sanko, and Sarah H. Henry. The signatory for Bronfman was Matt Bronfman, principal and CEO of Jamestown. The Bronfman entity was in care of the Jamestown office building and floor in Atlanta.

The seller families listed the property with Marcus & Millichap’s Matthew Fotis and Compass’s Pamela D’Arc and Stephen McArdle.

Direct link to Acris document. link

In the second sale, Bronfman through the entity 803 Greenwich Holdings, L.P. paid $5.4 million to Ira S. Mark, Anton Sanko, and Sarah H. Henry through the entity Mark Family Realty LLC for five-unit rental (C4) at 803 Greenwich Street in West Village, Manhattan.
The deal closed on December 7, 2021 and was recorded on December 23, 2021.
The property has 5,880 square feet of built space according to PincusCo analysis of city data. The sale price per built square foot is $926 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 signatory for Ira S. Mark, Anton Sanko, and Sarah H. Henry was Ira S. Mark, Anton Sanko, and Sarah H. Henry. The signatory for Jamestown was Matt Bronfman.

The former owners according to the Department of Housing Preservation and Development includes Ira Mark, head officer and Jane Henry, officer. The business entity is Dba Greenwich Studios.

Within a 400-foot radius of 803 Greenwich Street, PincusCo identified five commercial real estate items of interests occurred over the past 24 months.
Of those five items, one was for major renovation including a certificate of occupancy change.
Of those five items, three were sales above $5 million totaling $59.6 million. The most recent of the three was 320 W12 Trust which bought one condo unit in the nine-unit condo building (R1) on 607 Hudson Street for $33.5 million from Jammerpsquared Trust on July 22, 2021.
One of those five items was a loan which Robert Spitalnick borrowed $7.2 million from JPMorgan Chase secured by the 12,657-square-foot, 23-unit rental (C7) on 50 Horatio Street on January 14, 2020.

Direct link to Acris document. link