Kabbalah Centre pays $6M for two-family building in Kips Bay

The Kabbalah Centre through the entity Kabbalah Centre International Inc paid $6 million to Peter Von der Ahe and Sarah Von der Ahe through the entity 247 High LLC for the two-unit two-family building (B1) at 247 East 32nd Street in Kips Bay, Manhattan.
The deal closed on July 19, 2021 and was recorded on August 2, 2021.
The property has 4,941 square feet of built space and 2,095 square feet of additional air rights for a total buildable of 7,044 square feet according to PincusCo analysis of city data. The sale price per built square foot is $1,214 and the price per buildable square foot is $851 per the PincusCo analysis.
The owner bought the property on 9-Mar-12, for $2.4 million.
The signatory for Peter Von der Ahe and Sarah Von der Ahe was Michael L. Landsman. The signatory for Kabbalah Centre was Angelo A. Federico.
(121085440)The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 2 residential units on October 30, 2014.
Peter Von der Ahe and Sarah Von der Ahe were previous signatories on a mortgage for the property as 247 High LLC
The owners according to the Department of Housing Preservation and Development includes Peter Von Der Ahe, head officer and Peter Vonderahe, shareholder. The business entity is 247 High Llc.

Within a 400-foot radius of 247 East 32nd Street, PincusCo identified seven commercial real estate items of interests occurred over the past 24 months.
Of those seven items, two were sales above $5 million totaling $12.7 million. The most recent of the two was The Juan Vallarino Revoccable Trust and The Neith Elizabeth Vallarino Revoccable Trust which bought the 5,000-square-foot, two-unit mixed-use building (S1) on 235 East 31st Street for $5.2 million from Michael Simon on June 3, 2021.
Of those seven items, five were loans above $5 million totaling $56.6 million. The most recent of the five was Slate Property Group which borrowed $8.6 million from Dime Community Bank secured by the 10,125-square-foot, 20-unit rental (C4) on 205 East 33rd Street on March 15, 2021.

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