Omnia Group pays $19.5M to Joel Fishkind in Lower East Side

Omnia Group through the entity 185 Chrystie Street LLC paid $19.5 million to Joel Fishkind through the entity Fishkind & Company LLC for industrial (I7) at 183 Chrystie Street in Lower East Side, Manhattan. The price per foot indicates this is a development site sale.
The deal closed on December 15, 2021 and was recorded on December 29, 2021.
The property has 9,600 square feet of built space and 27,056 square feet of additional air rights for a total buildable of 36,660 square feet according to PincusCo analysis of city data. The sale price per built square foot is $2,031 and the price per buildable square foot is $531 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 Joel Fishkind was Joel Fishkind. The signatory for Omnia Group was David Paz.

David Paz is the founder and president of Omnia Group.
Within a 400-foot radius of 183 Chrystie Street, PincusCo identified five commercial real estate items of interests occurred over the past 24 months.
Of those five items, one was in new building development. It was a new building permit issued on March 30, 2020 for a 58,161-square-foot R-2 building with 78 residential units at 167 Chrystie Street.
Of those five items, four were loans above $5 million totaling $83 million. The most recent of the four was Chaim Nortman which borrowed $15.5 million from Northwind Group secured by the 18,540-square-foot, eight-unit rental (D1) on 165 Chrystie Street on November 16, 2021.

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