Michael Aryeh, RoeCo LLC, Yassky sign $8.8M refi with Flushing Bank for 52-unit rental in Washington Heights
Michael Aryeh, RoeCo LLC, and Yassky Properties through the entity 113 West LLC as borrower signed a refi loan with lender Flushing Bank through the entity Flushing Bank valued at $8.8 million for the 52-unit residential elevator building (D7) at 220 Wadsworth Avenue in Washington Heights, Manhattan.
The deal closed on May 28, 2026 and was recorded on June 11, 2026. The prior lender was an affiliate of the Manocherian family which held debt that had an original loan amount of $5.2 million. The property has 56,652 square feet of built space according to a PincusCo analysis of city data. The loan price per built square foot is $155 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 August 15, 2016, for $15.6 million. The signatory for Michael Aryeh , RoeCo LLC , and Yassky Properties was Scott Solomon , Charles Yassky , and Michael Aryeh. The signatory for Flushing Bank was H. Michael Lynch .
Prior sales, articles and revenue
The owners according to the Department of Housing Preservation and Development includes Michael Aryeh, head officer and Yoel Aryeh, officer. The business entities are Heritage Realty Llc and 113 West Llc. The 56,652-square-foot property generated revenue of $1.1 million or $19 per square foot, according to the most recent income and expense figures.
The property
The residential elevator building with 52 residential units in Washington Heights has 56,652 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 179 feet and is 70 feet deep with a total lot size of 12,530 square feet. The zoning is R7-2 which allows for up to 3.44 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $4.7 million. Flushing Bank on May 28, 2026 bought a loan with an original principal of $5.2 million from an affiliate of the Manocherian family signed by Scott Solomon , secured by 220 Wadsworth Avenue, when owned by Michael Aryeh, RoeCo LLC and Yassky Properties. The property has 46 rent-regulated units according to city tax records from 2024.
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 received $1,200 in OATH penalties in the last year.
Development
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 nine of the 11 commercial properties representing 399,186 square feet of the 427,235 square feet. The largest owner is City Of New York , followed by Park-It Management and then Charles Yassky.
There are no active new building construction projects on this tax block.
The majority, or 36 percent of the 427,235 square feet of built space are walkup buildings, with specialty buildings next occupying 26 percent of the space.
The borrower
The PincusCo database currently indicates that Michael Aryeh owned at least 22 commercial properties with 777 residential units in New York City with 645,558 square feet and a PincusCo-determined asset value of $184.4 million. The portfolio has $140.7 million in debt, with top three lenders as JPMorgan Chase , Signature Bank , and New York Community Bank respectively. Within the portfolio, the bulk, or 55 percent of the 645,558 square feet of built space are walkup properties, with elevator properties next occupying 44 percent of the space.
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