SilverLining Development NY signs option agreement for West Village dev site, price not disclosed

SilverLining Development NY, led by Aden Wiener, through the entity SilverLining Development Ny LLC signed an option agreement with the New Mexico company Zydeco 66 through the entity Heretofore, LLC related to the development site that’s currently a parking lot (G7) at 152-154 Leroy Street in West Village, Manhattan. The expected use is ground up development. The document is a type of property record called a “memorandum of contract” but in document itself, the document is referred to as an “option agreement” and does not mention a purchase, or a purchase price.
The memorandum was signed on November 7, 2025 and was recorded on November 17, 2025. 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 seller bought the property on December 27, 2012, for $10.2 million, the Commercial Observer reported at the time. The signatory for Zydeco 66 was Richard Yates . The signatory for SilverLining Development NY was Aden Wiener. The contract date was November 7, 2025. This is a memorandum of an Option Agreement, not a memorandum of contract.

Aden Wiener declined to comment on the memorandum.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer SilverLining Development NY had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Zydeco 66 had not purchased any other properties and had not sold any 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 2.8 times the average sales volume among other neighborhoods with $813.4 million 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 839,529 square feet of commercial and multi-family construction under development in the last two years, which represents 8 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of three 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 Vanquish Llc.
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.

Direct link to Acris document. link