Yong Hong Guan pays $10.3M to Ania Chowaniec for rental in East Village

Yong Hong Guan through the entity 36 E 7th St, LLC paid $10.3 million to Ania Chowaniec through the entity Garfunkel & Tauster Corp. for 16-unit rental (C1) at 36 East 7th Street in East Village, Manhattan.
The deal closed on May 19, 2021 and was recorded on July 12, 2021.
The property has 10,536 square feet of built space and 0 square feet of additional air rights for a total buildable of 8,872 square feet according to PincusCo analysis of city data. The sale price per built square foot is $982 per the PincusCo analysis.
The owner bought the property on 15-Jun-06, for $5.2 million.
The signatory for Ania Chowaniec was Ania Chowaniec. The signatory for Yong Hong Guan was Yong Hong Guan.
Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 3 renovation/alteration projects (A2) applied for with a total estimated value of $68,410. One of the projects were to change the number of residential units from 0 to 16 and were permitted on March 6, 2002.
The former owners according to the Department of Housing Preservation and Development includes Ania Chowaniec, head officer and Shane Patrick, officer. The business entity was Garfunkel & Tauster.
Within a 400-foot radius of 36 East 7th Street, PincusCo identified 13 commercial real estate items of interests occurred over the past 24 months.
Of those 13 items, one was for major renovation including a certificate of occupancy change. It was a permit issued on January 13, 2021 for the $390,750.0 renovation of 7,898-square-foot R-2 building with seven residential units at 100 Second Avenue.
Of those 13 items, four were sales above $5 million totaling $65.8 million. The most recent of the four was Madison Realty Capital which bought the 13,170-square-foot, 22-unit rental (C7) on 27 St Marks Place for $12.9 million from GC Realty Advisors and Raphael Toledano bankrupt entities on May 12, 2021.
Of those 13 items, eight were loans above $5 million totaling $184.9 million. The most recent of the eight was Madison Realty Capital which borrowed $70.0 million from Signature Bank secured by the 10,090-square-foot, 22-unit rental (C7) on 228 East 6th Street and 14 other properties on May 12, 2021.

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