Joseph Grubner pays $14.7M to Rosedale Management for rental in Marble Hill

Joseph Grubner through the entity 135 W 225 LLC paid $14.7 million to Rosedale Management through the entity Hilmark Realty LLC for 82-unit rental (D1) at 135 West 225th Street in Marble Hill, Manhattan.
The deal closed on July 28, 2021 and was recorded on August 12, 2021.
The property has 83,290 square feet of built space and 0 square feet of additional air rights for a total buildable of 50,726 square feet according to PincusCo analysis of city data. The sale price per built square foot is $175 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 owner bought the property on 28-Jul-21, for $14.7 million.
The signatory for Rosedale Management was Barry Aronowsky. The signatory for Joseph Grubner was Joseph Grubner.
Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000.
The former owners according to the Department of Housing Preservation and Development included Richard Mezan, head officer and Vadim Dorfman, officer. The business entities are Rosedale Mgmt Co and Hilmark Realty Llc.
Within a 400-foot radius of 135 West 225th Street, PincusCo identified two commercial real estate items of interests occurred over the past 24 months.
Of those two items, two were loans above $5 million totaling $14.5 million. The most recent of the two was Moshe Piller which borrowed $8.5 million from Signature Bank secured by the 32,060-square-foot, 42-unit rental (C1) on 16 Marble Hill Avenue and one other property on December 7, 2020.

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