Rosenblums pay $5.9M for 11-unit rental in Tribeca

The entity 4-6 White LLC, affiliated with Lawrence and Kenneth Rosenblum, paid $5.9 million to Margaret Hopton through the entity 4-6 White Street, Inc. for the 11-unit residential elevator building (D7) at 4 White Street in Tribeca, Manhattan. The expected use is cash flowing.
The deal closed on February 9, 2026 and was recorded on February 18, 2026. The property has 19,920 square feet of built space and 1,155 square feet of additional air rights for a total buildable of 21,070 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $296 and the price per buildable square foot is $280 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 Margaret Hopton was Margaret Hopton. The signatory for Kenneth Rosenblum and Lawrence Rosenblum was Lawrence Rosenblum. The contract date was February 9, 2026.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Lawrence Rosenblum had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Margaret Hopton had not purchased any other properties and had not sold any properties over the same time period. The former owner according to the Department of Housing Preservation and Development is Jared Minc, head officer. The business entity is Matera Family Lp.

The property

The residential elevator building with 11 residential units in Tribeca has 19,920 square feet of built space and 1,155 square feet of additional air rights for a total buildable of 21,070 square feet according to a PincusCo analysis of city data. The parcel has frontage of 40 feet and is 75 feet deep with a total lot size of 3,500 square feet. The lot is irregular. The zoning is C6-2A which allows for up to 6 times floor area ratio (FAR) for commercial and up to 6.02 times FAR for residential with inclusionary housing. The property is in the Tribeca East Historic District. The city-designated market value for the property in 2022 is $3 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 $4,435 in ECB penalties, 10 housing violations, and $5,135 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 block

On this tax block, PincusCo has identified the owners of eight of the nine commercial properties representing 196,694 square feet of the 198,589 square feet. The largest owner is Hartz Mountain Industries, followed by James G. Nicholas Ii and then Leonard Hecht.
On the tax block, there was one new building construction project filed totaling 19,032 square feet. It is a nine-unit, 19,032 square-foot residential (R-2) building submitted by Frank Lepera with plans filed June 29, 2021 and permitted March 5, 2024.

The majority, or 67 percent of the 198,589 square feet of built space are hotel buildings, with mixed-use buildings next occupying 22 percent of the space.

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