Janusz Sendowski pays $62M to Bonjour Capital for 5 rentals in Harlem, gets $46.5M loan

Janusz Sendowski paid $62 million to Charles Dayan’s Bonjour Capital for five rental buildings in Harlem, Manhattan, that have a total of 184 residential units. The buyer acquired the buildings through five separate transactions. JPMorgan Chase provided a $46.5 million acquisition loan to Sendowski.

In the first, Janusz Sendowski through the entity Wb 137, LLC paid $19.4 million to Bonjour Capital through the entity West 137th 601 LLC for the 37-unit residential elevator building (D7) at 601 West 137th Street in Harlem, Manhattan. The expected use is cash flowing.
The deal closed on July 10, 2025 and was recorded on July 22, 2025. The property has 57,415 square feet of built space and 17,735 square feet of additional air rights for a total buildable of 75,189 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $337 and the price per buildable square foot is $258 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 20, 2012, for $19.6 million.

In the second, Janusz Sendowski through the entity Wb 137, LLC paid $12.7 million to Bonjour Capital through the entity West 137th 607 LLC for the 36-unit residential elevator building (D1) at 607 West 137th Street in Harlem, Manhattan. The expected use is cash flowing.
The deal closed on July 10, 2025 and was recorded on July 22, 2025. The property has 38,750 square feet of built space and 16,396 square feet of additional air rights for a total buildable of 55,143 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $327 and the price per buildable square foot is $230 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 20, 2012, for $11 million. The
Direct link to Acris document. link

In the third, Janusz Sendowski through the entity Wb 137, LLC paid $12.5 million to Bonjour Capital through the entity West 137th 611 LLC for the 39-unit residential elevator building (D1) at 611 West 137th Street in Harlem, Manhattan. The expected use is cash flowing.
The deal closed on July 10, 2025 and was recorded on July 22, 2025. The property has 51,876 square feet of built space and 17,352 square feet of additional air rights for a total buildable of 69,181 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $240 and the price per buildable square foot is $180 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 20, 2012, for $15.8 million. Direct link to Acris document. link

In the fourth, Janusz Sendowski through the entity Wb 137, LLC paid $9 million to Bonjour Capital through the entity West 137th 609 LLC for the 36-unit residential elevator building (D1) at 609 West 137th Street in Harlem, Manhattan. The expected use is cash flowing.
The deal closed on July 10, 2025 and was recorded on July 22, 2025. The property has 38,750 square feet of built space and 16,396 square feet of additional air rights for a total buildable of 55,143 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $232 and the price per buildable square foot is $163 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 20, 2012, for $9.6 million. Direct link to Acris document. link

In the fifth, Janusz Sendowski through the entity Wb 137, LLC paid $8.4 million to Bonjour Capital through the entity West 137th 605 LLC for the 36-unit residential elevator building (D1) at 605 West 137th Street in Harlem, Manhattan. The expected use is cash flowing.
The deal closed on July 10, 2025 and was recorded on July 22, 2025. The property has 38,750 square feet of built space and 16,396 square feet of additional air rights for a total buildable of 55,143 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $216 and the price per buildable square foot is $152 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 20, 2012, for $10 million. Direct link to Acris document. link

The signatory for Bonjour Capital was Charles B. Dayan . The signatory for Janusz Sendowski was Janusz Sendowski. The contract date was March 3, 2025. The total for the five buildings is $62 million. The existing unpaid principal on the original $55 million was $47.7 million, which was paid down to current loan of $46.5 million.

Prior sales and revenue

Prior to this transaction, PincusCo has records that the buyer Janusz Sendowski purchased one property in one transaction for a total of $45.5 million and has no record it sold any properties over the past 24 months.
The seller Bonjour Capital 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 Moses Berkovics, head officer. The business entity is West 137th 601 Llc. The 57,415-square-foot property generated revenue of $2 million or $35 per square foot, according to the most recent income and expense figures.

The property

The residential elevator building with 37 residential units in Harlem has 57,415 square feet of built space and 17,735 square feet of additional air rights for a total buildable of 75,189 square feet according to a PincusCo analysis of city data. The parcel has frontage of 99 feet and is 125 feet deep with a total lot size of 12,490 square feet. The zoning is R8 which allows for up to 6.02 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $9.9 million. The property has 9 rent regulated units according to city tax records from 2023.

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 seven housing violations and $2,160 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 block

On this tax block, PincusCo has identified the owners of eight of the 14 commercial properties representing 293,643 square feet of the 318,779 square feet. The largest owner is Bonjour Capital, followed by Moses Berkovics and then SDG Management.
There are no active new building construction projects on this tax block.

The majority, or 85 percent of the 318,779 square feet of built space are elevator buildings, with walkup buildings next occupying 15 percent of the space.

The seller

The PincusCo database currently indicates that Bonjour Capital owned at least seven commercial properties with 475 residential units in New York City with 580,395 square feet and a city-determined market value of $140 million. (Market value is typically about 50% of actual value.) The portfolio has $198.7 million in debt, with top three lenders as Greystone & Co., NewPoint Real Estate Capital, and Northeast Bank respectively. Within the portfolio, the bulk, or 92 percent of the 580,395 square feet of built space are elevator properties, with walkup properties next occupying 8 percent of the space. The bulk, or 89 percent of the built space, is in Manhattan, with Brooklyn next at 11 percent of the space.

The buyer

The PincusCo database currently indicates that Janusz Sendowski owned at least four commercial properties with 140 residential units in New York City with 187,515 square feet and a city-determined market value of $35.5 million. (Market value is typically about 50% of actual value.) The portfolio has $57 million in debt, with top three lenders as Deutsche Bank, Bankwell Bank, and CUNA Mutual Group respectively. Within the portfolio, the bulk, or 67 percent of the 187,515 square feet of built space are elevator properties, with specialty properties next occupying 28 percent of the space. The bulk, or 72 percent of the built space, is in Manhattan, with Bronx next at 28 percent of the space.

Direct link to Acris document. link