Pears brothers buy eight unsold co-op units in Gramercy for $4M

The billionaire British brothers Trevor, Mark and David Pears through their Tremada 201 East 17th Street LLC acquired eight unsold cooperative units from the anonymous seller DU 18 Associates L.L.C. valued at $4 million at the Park Towers at 201 East 17th Street in Gramercy. The deal closed on July 30, 2020 and was recorded on August 7, 2020. The sale price comes out to $500,000 per unit.
The Park Towers is a 270-unit co-op building constructed in 1973.
The Pears brothers control the William Pears Group and Telereal Trillium and a British newspaper pegged their net worth at £3.3 billion. PincusCo was the first to report on the family’s investments in New York City unsold cooperative and condominium units.

The transfer document contains an error that incorrectly places one of the eight units, 19G, in another building with the address 1 East 17th Street.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link