Kassin, Itzkoff pay $2.3M to Yakar Partners for 7-unit walkup in Harlem

Ezra Kassin and Esther Itzkoff through the entity Judy’s Haven LLC paid $2.3 million to Yakar Partners through the entity 243 West 122 Holding, LLC for the seven-unit residential walkup building (C1) at 243 West 122nd Street in Harlem, Manhattan. The expected use is cash flowing.
The deal closed on June 4, 2026 and was recorded on June 16, 2026. The property has 6,822 square feet of built space and 303 square feet of additional air rights for a total buildable of 7,132 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 $322 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 February 17, 2006, for $1.1 million. The signatory for Yakar Partners was David Sussman and Mendel Gold . The signatories for Ezra Kassin and Esther Itzkoff were Ezra Kassin and Esther Itzkoff. The contract date was March 11, 2026.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Ezra Kassin had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Yakar Partners had not purchased any other properties and sold two properties in one transaction for a total of $18 million over the same time period. The former owners according to the Department of Housing Preservation and Development include Yida Stern , head officer and Josh Spitzer, agent. The business entity is 243 West 122 Holding Llc. The 6,822-square-foot property generated revenue of $104,377 or $15 per square foot, according to the most recent income and expense figures.

The property

The residential walkup building with 7 residential units in Harlem has 6,822 square feet of built space and 303 square feet of additional air rights for a total buildable of 7,132 square feet according to a PincusCo analysis of city data. The parcel has frontage of 17 feet and is 100 feet deep with a total lot size of 1,783 square feet. The zoning is R7A which allows for up to 4 times floor area ratio (FAR) for residential with inclusionary housing. The city-designated market value for the property in 2022 is $1.4 million.

Violations and lawsuits

The property was involved in one lawsuit and zero bankruptcies over the past two years. The suit was a $2.2 million commercial foreclosure concerning a loan filed on February 26, 2025, by Blackstone Group and Rialto Capital Advisors against Mendel Gold. In addition, according to city public data, the property has received eight housing violations and $530 in OATH penalties in the last year.

Development

For the tax lot building, it received its initial certificate of occupancy on January 23, 2017. 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 six of the 22 commercial properties representing 63,695 square feet of the 186,761 square feet. The largest owner is MDG Design + Construction , followed by Alen Paknoush and then Yuco Management.
On the tax block, there were two new building construction projects totaling 11,051 square feet. The largest is a two-unit, 5,584 square-foot residential (R-3) building submitted by Jose Vega with plans filed December 23, 2016 and it has not been permitted yet. The second largest is a two-unit, 5,467 square-foot residential (R-3) building submitted by Tomas Machiavello with plans filed September 14, 2021 and permitted September 2, 2022.

The majority, or 89 percent of the 186,761 square feet of built space are walkup buildings, with elevator buildings next occupying 8 percent of the space.

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