Nathaniel Rahav pays $4M for 109-unit rental in Upper West Side

Nathaniel Rahav through the entity Pr312 West 93 LLC paid $4 million to Solomon Borg through the entity 312 West 93rd Street Associates LLC for the 109-unit residential elevator building (D1) at 312 West 93rd Street in Upper West Side, Manhattan. The expected use is cash flowing.
The deal closed on November 4, 2025 and was recorded on November 13, 2025. The property has 31,690 square feet of built space and 11,664 square feet of additional air rights for a total buildable of 43,344 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $126 and the price per buildable square foot is $92 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 signatory for Solomon Borg was Solomon Borg. The signatory for Nathaniel Rahav was Nathaniel Rahav. The contract date was July 21, 2025. Abraham Borg and Ida Halpern were principals of Borhal Realty Company, a property owner. The Borg family has been an owner of the property since at least the 1970s.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Nathaniel Rahav had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Solomon Borg had not purchased any other properties and had not sold any properties over the same time period. The former owners according to the Department of Housing Preservation and Development includes Solomon Borg, head officer and Roger Knight, agent. The business entity is 312 West 93rd Street Associates Llc. The 31,690-square-foot property generated revenue of $908,108 or $29 per square foot, according to the most recent income and expense figures.

The property

The residential elevator building with 109 residential units in Upper West Side has 31,690 square feet of built space and 11,664 square feet of additional air rights for a total buildable of 43,344 square feet according to a PincusCo analysis of city data. The parcel has frontage of 50 feet and is 144 feet deep with a total lot size of 7,200 square feet. The lot is irregular. The zoning is R8 which allows for up to 6.02 times floor area ratio (FAR) for residential. The property is in the Riverside-West End Historic District. The city-designated market value for the property in 2022 is $3.4 million. The property has 106 rent regulated units according to city tax records from 2022.

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 16 housing violations, $150 in OATH penalties, and one housing litigation 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 18 of the 20 commercial properties representing 617,694 square feet of the 635,257 square feet. The largest owner is Solomon Borg, followed by Argo Real Estate and then Warren Switzler.
There are no active new building construction projects on this tax block.

The majority, or 78 percent of the 635,257 square feet of built space are elevator buildings, with hotel buildings next occupying 14 percent of the space.

The seller

The PincusCo database currently indicates that Solomon Borg owned at least 11 commercial properties with 509 residential units in New York City with 279,450 square feet and a city-determined market value of $63 million. (Market value is typically about 50% of actual value.) Within the portfolio, the bulk, or 94 percent of the 279,450 square feet of built space are elevator properties, with walkup properties next occupying 6 percent of the space. They are all located in Manhattan.

The buyer

The PincusCo database currently indicates that Nathaniel Rahav owned at least 14 commercial properties with 442 residential units in New York City with 95,087 square feet and a city-determined market value of $29.1 million. (Market value is typically about 50% of actual value.) The portfolio has $27 million in debt, borrowed from Signature Bank. Within the portfolio, all identified are walkup properties. They are all located in Manhattan.

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