Shahram John Gatan pays $6.5M for 31-unit walkup in Yorkville

Shahram John Gatan through the entity BH 437 LLC paid $6.5 million to the Intner family Robert J. Intner through the entity 80th Street I LLC for the 31-unit residential walkup building (C7) at 437 East 80th Street in Yorkville, Manhattan. The expected use is cash flowing.
The deal closed on May 12, 2026 and was recorded on June 12, 2026. The property has 23,346 square feet of built space according to a PincusCo analysis of city data. The sale price per built 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 the Intner family was Robert J. Intner . The signatory for Shahram John Gatan was John Gatan. The contract date was March 11, 2026. Melvin H. Intner bought the parcel in 1976.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Shahram John Gatan had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Robert J. Intner had not purchased any other properties and had not sold any properties over the same time period. The former owners according to the Department of Housing Preservation and Development includes Robert Intner, head officer and Frederic Thaler, officer. The business entities are Rialto Management Corp. and 80th Street I Llc. The 23,346-square-foot property generated revenue of $773,019 or $33 per square foot, according to the most recent income and expense figures.

The property

The residential walkup building with 31 residential units in Yorkville has 23,346 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 53 feet and is 102 feet deep with a total lot size of 5,474 square feet. The zoning is R8B which allows for up to 4 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $3.1 million. The property has 18 rent regulated units according to city tax records from 2024.

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 block

On this tax block, PincusCo has identified the owners of 14 of the 24 commercial properties representing 737,700 square feet of the 823,612 square feet. The largest owner is Jack Resnick & Sons , followed by Brian E. Raftery and then Rita Kalimian Sakhaie .
There are no active new building construction projects on this tax block.

The majority, or 77 percent of the 823,612 square feet of built space are elevator buildings, with walkup buildings next occupying 21 percent of the space.

The buyer

The PincusCo database currently indicates that Shahram John Gatan owned at least four commercial properties with 46 residential units in New York City with 28,946 square feet and a PincusCo-determined asset value of $16.1 million. The portfolio has $12.2 million in debt, borrowed from New York Community Bank . Within the portfolio, the bulk, or 83 percent of the 28,946 square feet of built space are walkup properties, with mixed-use properties next occupying 16 percent of the space. The bulk, or 67 percent of the built space, is in Manhattan, with Queens next at 32 percent of the space.

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