Slawomir Platta pays $5M to Aini Assets for mixed-use in Grand Central

Slawomir Platta, who leads Platta Law firm, through the entity 134 E 36th Street LLC paid $5 million to Aini Assets through the entity 1204 Broadway Nyc LLC for the mixed-use building (S1) at 134 East 36th Street in Grand Central, Manhattan.
The deal closed on October 31, 2024 and was recorded on November 21, 2024. The property has 4,273 square feet of built space and 8,446 square feet of additional air rights for a total buildable of 12,720 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $1,158 and the price per buildable square foot is $389 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 October 11, 2012, for $3.3 million. The signatory for Aini Assets was Ezra Aini. The signatory for Slawomir Platta was Slawomir Platta. The contract date was September 13, 2024. In 2021 Platta purchased 119 East 38th Street for the firm’s office.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Slawomir Platta had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Aini Assets 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 Jacob Aini, head officer. The business entity is 1204 Broadway Nyc Llc.

The property

The mixed-use building with 1 residential units in Grand Central has 4,273 square feet of built space and 8,446 square feet of additional air rights for a total buildable of 12,720 square feet according to a PincusCo analysis of city data. The parcel has frontage of 17 feet and is 74 feet deep with a total lot size of 1,272 square feet. The zoning is R10 which allows for up to 10 times floor area ratio (FAR) for residential with inclusionary housing. The property is in the Murray Hill Historic District Extension. The city-designated market value for the property in 2022 is $5.2 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 $50 in OATH penalties in the last year.

Development

For the tax lot building, it received its initial certificate of occupancy on March 12, 2018. 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 Grand Central, The majority, or 83 percent of the 44.4 million square feet of commercial built space are office buildings, with hotel buildings next occupying 8 percent of the space. In sales, Grand Central has the 10th highest sale turnover among other neighborhoods in the city with $988.9 million in sales volume in the last two years. For development, Grand Central is the 8th most active neighborhood among other neighborhoods. It had 5.3 million square feet of commercial and multi-family construction under development in the last two years, which represents 12 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of six of the 22 commercial properties representing 273,929 square feet of the 388,100 square feet. The largest owner is Sol Goldman Investments, followed by Marx and then Robert Gilardian.
On the tax block, there was one new building construction project filed totaling 93,435 square feet. It is a 122-unit, 93,435 square-foot residential (R-2) building submitted by Robert Gilardian with plans filed May 6, 2020 and permitted May 3, 2024.

The majority, or 69 percent of the 388,100 square feet of built space are elevator buildings, with walkup buildings next occupying 20 percent of the space.

The buyer

The PincusCo database currently indicates that Slawomir Platta owned at least one commercial property with one residential unit in New York City with 4,972 square feet and a city-determined market value of $5.7 million. (Market value is typically about 50% of actual value.) The portfolio consists of at least a single mixed-use property. It is located in Manhattan.

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