SilverLining Development NY pays $16M for dev site in West Village

SilverLining Development NY through the entity Leroy Street Owner LLC paid $16 million to Santa Fe-based Zydeco 66 through the entity Heretofore, LLC for the parking lot (G7) at 152-154 Leroy Street in West Village, Manhattan. The expected use is ground up development.
The deal closed on May 20, 2026 and was recorded on June 3, 2026. The property has zero square feet of built space and 27,980 square feet of additional air rights for a total buildable of 27,980 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $N/A and the price per buildable square foot is $571 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 December 27, 2012, for $10.25 million. The signatory for Zydeco 66 was Richard Yates . The signatory for SilverLining Development NY was Aden Wiener . The contract date was May 20, 2026. PincusCo reported on the transaction when it went into contract, but did not have the price.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has records that the buyer SilverLining Development NY purchased two properties in two transactions for a total of $7.5 million and has no record it sold any properties over the past 24 months.
The seller Zydeco 66 had not purchased or sold any other properties over the same time period.

The property

The parcel has frontage of 55 feet and is 101 feet deep with a total lot size of 5,596 square feet. The zoning is M1-5 which allows for up to 5 times floor area ratio (FAR) for manufacturing The city-designated market value for the property in 2022 is $4.9 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 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 neighborhood

In West Village, The bulk, or 31 percent of the 10.6 million square feet of commercial built space are elevator buildings, with walkup buildings next occupying 27 percent of the space. In sales, West Village has 2.9 times the average sales volume among other neighborhoods with $1 billion in sales volume in the last two years and is the 13th highest in Manhattan. For development, West Village has had very little major development activity relative to other neighborhoods.It had 608,444 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.

The block

On this tax block, PincusCo has identified the owners of four of the six commercial properties representing 215,889 square feet of the 442,200 square feet. The largest owner is Centaur Properties, followed by Atlas Capital Group and then Silverlining Development Ny.
There are no active new building construction projects on this tax block.

The majority, or 58 percent of the 442,200 square feet of built space are industrial buildings, with office buildings next occupying 42 percent of the space.

The buyer

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 PincusCo-determined asset value of $14 million. Within the portfolio, the bulk, or 55 percent of the 3,038 square feet of built space are mixed-use properties, with retail properties next occupying 44 percent of the space.

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