Manouchehr Malekan pays $12.6M to Sidney Schwartzberg for 60-unit rental in Rego Park

Manouchehr Malekan through the entity Saunders Commons LLC paid Sidney Schwartzberg’s Sp8 International LLC $12.6 million for 62-82 Saunders Street in Rego Park. The deal closed on December 28, 2020 and was recorded on January 6, 2021. The transaction consists of 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 60 residential units. The property is 68,946 square feet.
The sale price per unit is $210,000.

The seller was with an address at SJS Management. The contract date was December 14, 2020.
Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $91,000.

Direct link to Acris document. link

Correction: The spelling of the buyer’s first name was corrected.