Robert Von Ancken affiliate pays $7.1M to SL Property Group for mixed-use in Greenwich Village

An entity in care of Robert Von Ancken through the entity 670 & 720 Coventry LLC paid $7.1 million to SL Property Group through the entity 231 Sullivan Street Owner LLC for the five-unit mixed-use building (S5) at 231 Sullivan Street in Greenwich Village, Manhattan. The expected use is cash flowing.
The deal closed on March 19, 2026 and was recorded on March 27, 2026. The property has 4,925 square feet of built space and 240 square feet of additional air rights for a total buildable of 5,160 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $1,441 and the price per buildable square foot is $1,375 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 seller bought the property on September 30, 2021, for $2.9 million. The signatory for SL Property Group was Sean Lefkovits . The signatory for Robert Von Ancken was Robert Von Ancken. The contract date was January 26, 2026.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Robert Von Ancken had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller SL Property Group purchased one property in one transaction for a total of $3.5 million and sold two properties in two transactions for a total of $14.7 million over the same time period. The former owners according to the Department of Housing Preservation and Development includes David Lloyd, head officer and Eric Setton, officer. The business entity is 231 Sullivan Street Owner Llc.

The property

The mixed-use building with 5 residential units in Greenwich Village has 4,925 square feet of built space and 240 square feet of additional air rights for a total buildable of 5,160 square feet according to a PincusCo analysis of city data. The parcel has frontage of 15 feet and is 100 feet deep with a total lot size of 1,500 square feet. The zoning is R7-2 which allows for up to 3.44 times floor area ratio (FAR) for residential. The property is in the South Village Historic District. The city-designated market value for the property in 2022 is $4.1 million.

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 $750 in OATH penalties 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 Greenwich Village, The bulk, or 24 percent of the 22.4 million square feet of commercial built space are specialty buildings, with hotel buildings next occupying 17 percent of the space. In sales, Greenwich Village has 3.9 times the average sales volume among other neighborhoods with $1.3 billion in sales volume in the last two years and is the 10th highest in Manhattan. For development, Greenwich Village has near average amount of major developments among other neighborhoods and is the 26th highest in Manhattan. It had 1.3 million square feet of commercial and multi-family construction under development in the last two years, which represents 6 percent of the neighborhood’s built space. There were 126 pre-foreclosure suit filed among other mixed-use buildings in the past 12 months.

The block

On this tax block, PincusCo has identified the owners of 11 of the 23 commercial properties representing 142,772 square feet of the 235,287 square feet. The largest owner is Ecorise Development, followed by Winther Investment and then Hubb Nyc.
There are no active new building construction projects on this tax block.

The majority, or 56 percent of the 235,287 square feet of built space are walkup buildings, with mixed-use buildings next occupying 19 percent of the space.

The seller

The PincusCo database currently indicates that Sl Property Group owned at least one commercial property with 10 residential units in New York City with 8,287 square feet and a city-determined market value of $4.3 million. (Market value is typically about 50% of actual value.) The portfolio consists of at least a single walkup property. It is located in Manhattan.

The buyer

The PincusCo database currently indicates that Robert Von Ancken owned at least one commercial property with six residential units in New York City with 5,749 square feet and a city-determined market value of $3.4 million. (Market value is typically about 50% of actual value.) The portfolio consists of at least a single mixed-use property. It is located in Manhattan.

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