TPG Angelo Gordon, Aurora pay $71M to EPIC for retail in Meatpacking District

UPDATED, 9:09 p.m., January 9, 2026: TPG Angelo Gordon along with general partner Aurora Capital Associates through the entity 15 Lw 12 Owner LLC paid $71 million to EPIC LLC through the entity Epic W12 LLC for the retail building (O5) at 410 West 13th Street in Meatpacking District, Manhattan. The expected use is cash flowing.
The deal closed on December 26, 2025 and was recorded on January 8, 2026. The property has 66,893 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $1,061 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.)

Crain’s New York reported on this sale first, identifying Aurora as involved in the deal.
The seller bought the property on June 7, 2011, for $69 million. The signatory for EPIC LLC was Steven Elghanayan . The signatory for Aurora Capital Associates and TPG Angelo Gordon was Savanna Steinberg . The contract date was October 21, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has records that the buyer TPG Angelo Gordon purchased one property in one transaction for a total of $43.5 million and sold two properties in two transactions for a total of $33.9 million over the past 24 months.
The seller EPIC LLC had not purchased any other properties and sold five properties in five transactions for a total of $185.3 million over the same time period. The 66,893-square-foot property generated revenue of $4.8 million or $71 per square foot, according to the most recent income and expense figures.

The property

The retail building in Meatpacking District has 66,893 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 56 feet and is 103 feet deep with a total lot size of 13,159 square feet. The zoning is M1-5 which allows for up to 5 times floor area ratio (FAR) for manufacturing The property is in the Gansevoort Market Historic District. The city-designated market value for the property in 2022 is $38.6 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

For the tax lot building, it received its initial certificate of occupancy on October 5, 2012. 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 Meatpacking District, The bulk, or 26 percent of the 2 million square feet of commercial built space are office buildings, with retail buildings next occupying 26 percent of the space. In sales, Meatpacking District has had very little sales volume relative to other neighborhoods with $92.5 million in sales volume in the last two years. For development, Meatpacking District has had very little major development activity relative to other neighborhoods.It had 81,174 square feet of commercial and multi-family construction under development in the last two years, which represents 4 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of six of the 15 commercial properties representing 161,483 square feet of the 547,551 square feet. The largest owner is Epic Llc, followed by William Gottlieb Real Estate and then Aurora Capital Associates.
On the tax block, there was one new building construction project filed totaling 14,546 square feet. It is a 12-unit, 14,546 square-foot residential (R-2) building submitted by Jerry Noury and filed by Jerry Noury with plans filed January 22, 2025 and it has not been permitted yet.

The majority, or 56 percent of the 547,551 square feet of built space are retail buildings, with hotel buildings next occupying 40 percent of the space.

The seller

The PincusCo database currently indicates that EPIC LLC owned at least two commercial properties in New York City with 107,731 square feet and a city-determined market value of $63.4 million. (Market value is typically about 50% of actual value.) Within the portfolio, all identified are retail properties. They are all located in Manhattan.

The buyer

TPG Angelo Gordon NYC portfolio

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