Premier Equities sells West Village retail co-op for $10.2M

Pamela and Cary Roth through the entity 35 Realty Associates, L.L.C. paid Uzi Ben Abraham’s Premier Equities and Ariel Schuster’s Schuster 644 Greenwich, LLC and others $10.2 million for the retail cooperative unit at 644 Greenwich Street in the West Village. The deal closed on March 30, 2020, and was recorded on April 3, 2020.

Premier Equities and Schuster purchased the commercial cooperative unit in the co-op building also known as 111 Barrow Street, on November 22, 2016 for $5.45 million. The pre-school Bright Horizons occupies the unit through a lease signed in approximately 2017. The unit is owned through a master lease with renewal options that runs through 2087.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 39 residential (or hotel) units on August 23, 2018.
Over the past five years, there have been 6 NYC Department of Buildings permit applications filed for this entire building valued at more than $20,000. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $575,000. There were 5 renovation/alteration projects (A2) applied for with a total estimated value of $551,450.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

Correction: An earlier version of this article had the incorrect name for the LLC owned by Ariel Schuster. The name of the LLC was corrected.