Wainbridge Capital signs $26.4M refi with G4 Capital for 10-unit building in West Village

Wainbridge Capital through the entity 401 West Property Owner, LLC as borrower signed a refi loan with lender G4 Capital Partners through the entity G4 18292, LLC valued at $26.4 million for the 10-unit residential elevator building (D1) at 401 West Street in West Village, Manhattan.
The deal closed on February 10, 2026 and was recorded on February 18, 2026. The prior lender was 360 Capital Funding which held debt that had an original loan amount of $34 million.The property has 12,296 square feet of built space and 2,746 square feet of additional air rights for a total buildable of 15,048 square feet according to a PincusCo analysis of city data. The loan price per built square foot is $2,149 and the price per buildable square foot is $1,756 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 owner bought the property on December 7, 2018, for $15.3 million. The signatory for Wainbridge Capital was Mikhail Kurnev. The signatory for G4 Capital Partners was Robyn Sorid .

The property

The residential elevator building with 10 residential units in West Village has 12,296 square feet of built space and 2,746 square feet of additional air rights for a total buildable of 15,048 square feet according to a PincusCo analysis of city data. The parcel has frontage of 44 feet and is 93 feet deep with a total lot size of 3,762 square feet. The lot is irregular. The zoning is C1-6A which allows for up to 2 times floor area ratio (FAR) for commercial and up to 4 times FAR for residential with inclusionary housing. The city-designated market value for the property in 2022 is $5 million.

Violations and lawsuits

The property was involved in two lawsuits and zero bankruptcies over the past two years. The highest value suit was a $5 million money judgment concerning a contract filed on September 15, 2025, by Joomak Hospitality against Somerset Partners. In addition, according to city public data, the property has received one DOB violation and $935 in OATH penalties in the last year.

Development

On the lot, there was a new building construction project, 121204035, for a 10-unit, 14,889 square-foot residential (R-2) building. The project was submitted by Denis Astakhov with plans filed August 21, 2017 and permitted July 17, 2019.

The block

On this tax block, PincusCo has identified the owners of nine of the 14 commercial properties representing 80,224 square feet of the 103,147 square feet. The two identified owners are William Gottlieb Real Estate and Wainbridge Capital.
On the tax block, there was one new building construction project filed totaling 14,889 square feet. It is a 10-unit, 14,889 square-foot residential (R-2) building submitted by Denis Astakhov with plans filed August 21, 2017 and permitted July 17, 2019.

The majority, or 50 percent of the 103,147 square feet of built space are mixed-use buildings, with walkup buildings next occupying 26 percent of the space.

The borrower

The PincusCo database currently indicates that Wainbridge Capital owned at least one commercial property with 10 residential units in New York City with 19,538 square feet and a city-determined market value of $4.5 million. (Market value is typically about 50% of actual value.) The portfolio has $34 million in debt, borrowed from 360 Capital Funding and Fortress Investment Group. The portfolio consists of at least a single walkup property. It is located in Manhattan.

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