Yidel Hirsch pays $18.5M to Max Levai’s Marlborough Gallery for property in Greenpoint

Yidel Hirsch through the entity Franklin 33 LLC paid Max Levai’s Marlborough Gallery’s Marlborough Gallery Inc. $18.5 million for 93 Quay Street aka 33 Franklin Street in Greenpoint. The deal closed on March 27, 2020, and was recorded on April 2, 2020. The transaction consists of 1 parcel, including the tax class unlicensed parking lot (G7).

The sale went into contract April 16, 2019. Marlborough has owned the building since at least 1984. Brokers were reported on Traded NY as JLL’s Brendan Maddigan, Ethan Stanton, Stephen Palmese, Michael Mazzara, Winfield Clifford, and the buyer as Joel Friedman.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $135,000. Those filings sought to increase the number of residential units by 10 to 10
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link