Manhattan Childrens Center pays $23M for office condo in Upper West Side

The nonprofit educational organization for youth on the autism spectrum, Manhattan Childrens Center, paid $23 million to Steven Neuman and Israel Weinberger through the entity 100 West 93 LLC for the office condominium unit at 100 West 93rd Street in Upper West Side, Manhattan. The expected use is owner-occupied. The nonprofit already occupies space in the building, as its headquarters are at 111 West 92nd Street, which is an alternate address for the building which spans Columbus Avenue from 92nd Street to 93rd Street.
The deal closed on November 13, 2025 and was recorded on November 24, 2025. The unit has 16,518 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $1,392 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 March 26, 2015, for $16.5 million. The signatory for Steven Neuman and Israel Weinberger was Steven Neuman. The signatory for Manhattan Childrens Center was Thomas Gelb . The contract date was June 6, 2025.

This commercial unit is one of three in the building, which has 279 residential units. The other two retail units are owned by the Klein Group.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Manhattan Childrens Center had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Steven Neuman purchased three properties in three transactions for a total of $23 million and sold one property in one transaction for a total of $16.5 million over the same time period.

The property

The office condo in Upper West Side has 16,518 square feet of built space according to a PincusCo analysis of city data. The parcel has a total lot size of 16,518 square feet. The city-designated market value for the property in 2022 is $6.5 million.

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 not received any significant violations in the last year.

Development

For the tax lot building, it received its initial certificate of occupancy on December 30, 2014. There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The neighborhood

In Upper West Side, The majority, or 59 percent of the 52.9 million square feet of commercial built space are elevator buildings, with walkup buildings next occupying 23 percent of the space. In sales, Upper West Side has 3.1 times the average sales volume among other neighborhoods with $931 million in sales volume in the last two years and is the 11th highest in Manhattan. For development, Upper West Side has 1.3 times the average amount of major developments relative to other neighborhoods and is the 21st highest in Manhattan. It had 1.9 million square feet of commercial and multi-family construction under development in the last two years, which represents 4 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of two of the six commercial properties representing 158,494 square feet of the 185,730 square feet. The two identified owners are Nyc Department Of Education and Menachem Brody.
There are no active new building construction projects on this tax block.

The majority, or 82 percent of the 185,730 square feet of built space are specialty buildings, with walkup buildings next occupying 18 percent of the space.

The seller

The PincusCo database currently indicates that Israel Weinberger owned at least 13 commercial properties with 372 residential units in New York City with 346,736 square feet and a city-determined market value of $30.3 million. (Market value is typically about 50% of actual value.) The portfolio has $65.4 million in debt, borrowed from New York Community Bank and Signature Bank. Within the portfolio, the bulk, or 47 percent of the 346,736 square feet of built space are walkup properties, with elevator properties next occupying 45 percent of the space. The bulk, or 62 percent of the built space, is in Manhattan, with Brooklyn next at 31 percent of the space.
The PincusCo database currently indicates that Steven Neuman owned at least nine commercial properties with 331 residential units in New York City with 284,530 square feet and a city-determined market value of $30.4 million. (Market value is typically about 50% of actual value.) The portfolio has $64.2 million in debt, with top three lenders as Hanover Capital, New York Community Bank, and Tideway Capital Funding respectively. Within the portfolio, the bulk, or 69 percent of the 284,530 square feet of built space are walkup properties, with elevator properties next occupying 25 percent of the space. The bulk, or 57 percent of the built space, is in Brooklyn, with Bronx next at 25 percent of the space.

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