Plumber Gordon Rugg pays $2.1M for industrial in East Harlem

Plumber Gordon Rugg through the entity 2293 2nd Ave NYC LLC paid $2.1 million to Jeffrey Dreifus through the entity 2293 Second Avenue Realty Corp. for the industrial building (E1) at 2293 2nd Avenue in East Harlem, Manhattan.
The deal closed on November 14, 2025 and was recorded on December 4, 2025. The property has 2,725 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $770 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 Jeffrey Dreifus was Jeffrey Dreifus. The signatory for Gordon Rugg was Gordon Rugg, whose LinkedIn page identifies him as president of the plumbing company Donato Plumbing. The contract date was May 30, 2025.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Gordon Rugg had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Jeffrey Dreifus had not purchased any other properties and had not sold any properties over the same time period.

The property

The industrial building in East Harlem has 2,725 square feet of built space and 18,102 square feet of additional air rights for a total buildable of 20,815 square feet according to a PincusCo analysis of city data. The parcel has frontage of 25 feet and is 110 feet deep with a total lot size of 2,768 square feet. The zoning is R9A which allows for up to 7.52 times floor area ratio (FAR) for residential with inclusionary housing. The city-designated market value for the property in 2022 is $426,000.

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 not received any significant violations 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 neighborhood

In East Harlem, The majority, or 51 percent of the 52.4 million square feet of commercial built space are elevator buildings, with specialty buildings next occupying 21 percent of the space. In sales, East Harlem has 1.7 times the average sales volume among other neighborhoods with $518.4 million in sales volume in the last two years and is the 19th highest in Manhattan. For development, East Harlem has 1.8 times the average amount of major developments relative to other neighborhoods and is the 15th highest in Manhattan. It had 2.7 million square feet of commercial and multi-family construction under development in the last two years, which represents 5 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of 14 of the 26 commercial properties representing 226,951 square feet of the 264,940 square feet. The largest owner is Edmound Nahum, followed by Emerald Equity Group and then Bronstein Properties.
On the tax block, there were two new building construction projects totaling 45,316 square feet. The largest is a 48-unit, 35,347 square-foot residential (R-2) building submitted by HAP Investments and filed by Monzer Khafagy with plans filed December 8, 2017 and permitted June 13, 2022. The second largest is a 12-unit, 9,969 square-foot residential (R-2) building submitted by Roy Moussaieff with plans filed November 2, 2022 and it has not been permitted yet.

The majority, or 56 percent of the 264,940 square feet of built space are walkup buildings, with mixed-use buildings next occupying 14 percent of the space.

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