SilverLining Development files DOB plans for 20-unit building in Tribeca

Aden Wiener of SilverLining Development NY submitted a new building construction project for a 20-unit, 21,304 square-foot residential (R-2) building at 35 Lispenard Street in Tribeca, Manhattan. The plan was filed with the New York City Department of Buildings on April 27, 2026 under job number M01387640. It calls for the construction of an eight-story building. The project is described in the filing as: erection of new 8-story mixed-use building. The architect is Marin Architects.

The developer submitted plans with the city’s Landmarks Preservation Commission with the address 31-35 Lispenard Street, under docket number 26-08398.

Crain’s New York reported on the project earlier this month when the city’s Landmarks Preservation Commission approved the plans.

35 Lispenard Street

Prior sales, articles and revenue

This two parcels, 33 and 35 Lispenard were sold by Urban Standard Capital for $7.5 million to SilverLining Development NY on December 8, 2025.

The property

The existing retail building in Tribeca has 1,338 square feet of built space and 6,716 square feet of additional air rights for a total buildable of 8,054 square feet according to a PincusCo analysis of city data. The parcel has frontage of 25 feet and is 53 feet deep with a total lot size of 1,338 square feet. 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 $724,000.

The 1,338-square-foot property generated revenue of $90,437 or $68 per square foot, according to the most recent income and expense figures.

Violations and lawsuits

According to city public data, the property has received $50 in OATH penalties in the last year.

There were no lawsuits or bankruptcies filed against the property for the past 24 months.

The neighborhood

In Tribeca, The bulk, or 47 percent of the 15.3 million square feet of commercial built space are office buildings, with elevator buildings next occupying 28 percent of the space. In sales, Tribeca has near average sales volume among other neighborhoods with $610.5 million in sales volume in the last two years and is the 17th highest in Manhattan. For development, Tribeca has near average amount of major developments among other neighborhoods and is the 13th highest in Manhattan. It had 3.1 million square feet of commercial and multi-family construction under development in the last two years, which represents 20 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of eight of the 16 commercial properties representing 76,176 square feet of the 123,030 square feet. The largest owner is Hildreth Real Estate Advisors, followed by Silverlining Development Ny and then Trans World Equities. On the tax block, there were three new building construction projects totaling 50,232 square feet. The largest is a 20-unit, 21,304 square-foot residential (R-2) building submitted by Aden Wiener and filed by Aden Wiener with plans filed April 27, 2026 and it has not been permitted yet. The second largest is a 21-unit, 18,892 square-foot residential (R-2) building submitted by Dan Forrester with plans filed February 27, 2017 and it has not been permitted yet.

The owner

The PincusCo database currently indicates that SilverLining Development NY owned at least three commercial properties with two residential units in New York City with 3,038 square feet and a city-determined market value of $4.9 million. (Market value is typically about 50% of actual value.) Within the portfolio, the bulk, or 56 percent of the 3,038 square feet of built space are mixed-use properties, with retail properties next occupying 44 percent of the space. They are all located in Manhattan.

The surrounding

Within a 400-foot radius of 35 Lispenard Street, PincusCo identified eight commercial real estate items of interests occurred over the past 24 months. Of those eight items, four were sales above $5 million totaling $54.4 million. The most recent of the four was White Desert Home, LLC which bought one condo unit in the 7,105-square-foot, six-unit condo building (R1) on 43 Walker Street for $12 million from 45 Ph Trust on April 13, 2026. Of those eight items, four were loans above $5 million totaling $87.6 million. The most recent of the four was Magnum Real Estate Group in which borrowed $25 million from Arbor Realty Trust secured by the 33,374-square-foot, 16-unit rental (D5) on 329 Canal Street on October 8, 2025.

Direct link to the property’s ACRIS page
Direct link to the property’s ACRIS page
link to DOB NOW portal.