Urbana Partners pays $8.3M to Tryline Capital for 21-unit rental in Williamsburg

Urbana Partners through the entity Ewp 484 Humboldt LLC paid $8.3 million to Tryline Capital Management through the entity 484 Tryline LLC for the 21-unit residential elevator building (D9) at 484 Humboldt Street in Williamsburg, Brooklyn. The expected use is cash flowing.
The deal closed on June 26, 2025 and was recorded on July 22, 2025. The property has 13,500 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $614 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 January 27, 2022, for $8.4 million. The signatory for Tryline Capital Management was Jaryn Horner . The signatory for Urbana Partners was Federico Wilensky . The contract date was February 27, 2025.

Prior sales and revenue

Prior to this transaction, PincusCo has records that the buyer Urbana Partners purchased four properties in two transactions for a total of $24.2 million and has no record it sold any properties over the past 24 months.
The seller Tryline Capital Management had not purchased any other properties and sold four properties in two transactions for a total of $24.2 million over the same time period. The former owners according to the Department of Housing Preservation and Development includes Jaryn Horner, head officer and William Harsh, officer. The business entities are Lisa Management, Inc and 484 Tryline Llc. The 13,500-square-foot property generated revenue of $819,148 or $61 per square foot, according to the most recent income and expense figures.

The property

The residential elevator building with 21 residential units in Williamsburg has 13,500 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 57 feet and is 106 feet deep with a total lot size of 6,095 square feet. The lot is irregular. The zoning is R6B which allows for up to 2 times floor area ratio (FAR) for residential with inclusionary housing. The city-designated market value for the property in 2022 is $3.1 million. The most recent loan totaled $6 million and was provided by Signature Bank on July 31, 2019.

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 $200 in OATH penalties 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 block

On this tax block, PincusCo has identified the owners of 13 of the 22 commercial properties representing 110,742 square feet of the 136,477 square feet. The largest owner is Acuity Capital Partners, followed by Zelig Weiss and then Tryline Capital Management.
On the tax block, there was one new building construction project filed totaling 8,760 square feet. It is a nine-unit, 8,760 square-foot residential (R-2) building submitted by Arie Bar Chaim and filed by Arie Bar Chaim with plans filed November 3, 2023 and permitted September 18, 2024.

The majority, or 39 percent of the 136,477 square feet of built space are elevator buildings, with walkup buildings next occupying 37 percent of the space.

The seller

The PincusCo database currently indicates that Tryline Capital Management owned at least one commercial property with 21 residential units in New York City with 13,500 square feet and a city-determined market value of $3.5 million. (Market value is typically about 50% of actual value.) The portfolio consists of at least a single elevator property. It is located in Brooklyn.

The buyer

The PincusCo database currently indicates that Urbana Partners owned at least four commercial properties with 45 residential units in New York City with 50,930 square feet and a city-determined market value of $8.9 million. (Market value is typically about 50% of actual value.) Within the portfolio, the bulk, or 56 percent of the 50,930 square feet of built space are elevator properties, with walkup properties next occupying 44 percent of the space. They are all located in Brooklyn.

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