Yehudis Klein pays $9.2M for 20-unit rental in East Harlem

Yehudis Klein through the entity 308 Property Ny LLC paid $9.2 million to Boleslav Ryzinski and Douglas Fierro through the entity 308 E 109th Street LLC for the 20-unit residential elevator building (D7) at 308 East 109th Street in East Harlem, Manhattan. The expected use is cash flowing.
The deal closed on May 13, 2026 and was recorded on June 10, 2026. The property has 24,655 square feet of built space and 11,700 square feet of additional air rights for a total buildable of 36,359 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $373 and the price per buildable square foot is $253 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 December 19, 2012, for $3.2 million. The signatory for Boleslav Ryzinski and Douglas Fierro was Douglas Fierro. The signatory for Yehudis Klein was Yehudis Klein. The contract date was January 16, 2026. The sellers in 2014 planned to divide the building into 20 residential condominium units under plan CD140136, with a total sellout of $14.19 million, but that plan was withdrawn in 2015.

The sale was brokered by Lev Mavashev and Yehuda Leser of Alpha Realty.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has records that the buyer Yehudis Klein purchased one property in one transaction for a total of $2.9 million and has no record it sold any properties over the past 24 months.
The seller Boleslav Ryzinski had not purchased any other properties and had not sold any properties over the same time period. The former owners according to the Department of Housing Preservation and Development includes Boleslav Ryzinski, head officer and Lukasz Macniak, officer. The business entities are 308 E. 109th Street Llc and 308 E 109th Street, Llc. The 24,655-square-foot property generated revenue of $1.1 million or $44 per square foot, according to the most recent income and expense figures.

The property

The residential elevator building with 20 residential units in East Harlem has 24,655 square feet of built space and 11,700 square feet of additional air rights for a total buildable of 36,359 square feet according to a PincusCo analysis of city data. The parcel has frontage of 59 feet and is 100 feet deep with a total lot size of 4,835 square feet. The lot is irregular. The zoning is R9A which allows for up to 7.52 times floor area ratio (FAR) for residential with inclusionary housing. The property has a 421A exemption that started in 2013 and expires in 2028. The city-designated market value for the property in 2022 is $4.7 million. The property has 20 rent regulated units according to city tax records from 2024.

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 8, 2016. 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 14 of the 22 commercial properties representing 244,260 square feet of the 316,182 square feet. The largest owner is Ron Glazer, followed by Elmo Realty and then Croman Real Estate .
There are no active new building construction projects on this tax block.

The majority, or 74 percent of the 316,182 square feet of built space are walkup buildings, with elevator buildings next occupying 22 percent of the space.

The buyer

The PincusCo database currently indicates that Yehudis Klein owned at least three commercial properties with six residential units in New York City with 10,065 square feet and a PincusCo-determined asset value of $6.5 million. Within the portfolio, the bulk, or 50 percent of the 10,065 square feet of built space are mixed-use properties, with B1 properties next occupying 26 percent of the space.

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