Yuco Management pays $7.3M to First Atlantic Capital for 22-unit walkup in Harlem

Yuco Management through the entity 567 Partners, LLC paid $7.3 million to First Atlantic Capital through the entity West 125 LLC for the 22-unit residential walkup building (C7) at 567 West 125th Street in Harlem, Manhattan. The expected use is cash flowing.
The deal closed on August 4, 2025 and was recorded on August 19, 2025. The property has 21,768 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $334 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 30, 2015, for $11.6 million. The signatory for First Atlantic Capital was Roberto Buaron . The signatory for Yuco Management was Raymond Yu . The contract date was April 22, 2025. The buildings are listed on the First Atlantic website as, “22 apartments and 2 stores near Columbia University’s new Manhattanville campus.”

Prior sales and revenue

Prior to this transaction, PincusCo has records that the buyer Yuco Management purchased one property in one transaction for a total of $8.8 million and has no record it sold any properties over the past 24 months.
The seller First Atlantic Capital purchased three properties in one transaction for a total of $18.8 million and sold three properties in one transaction for a total of $18.8 million over the same time period. The former owners according to the Department of Housing Preservation and Development includes Jake Sosne, head officer and Giro Desimone, agent. The business entities are Village Dwellings, Inc. and West 125 Llc. The 21,768-square-foot property generated revenue of $763,839 or $35 per square foot, according to the most recent income and expense figures.

The property

The residential walkup building with 22 residential units in Harlem has 21,768 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 50 feet and is 99 feet deep with a total lot size of 4,992 square feet. The lot is irregular. The zoning is R7A which allows for up to 4 times floor area ratio (FAR) for residential with inclusionary housing. The city-designated market value for the property in 2022 is $3.6 million. The most recent loan totaled $7.2 million and was provided by New York Community Bank on March 27, 2020. The property has 4 rent regulated units according to city tax records from 2022.

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 three housing violations and $450 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 nine of the 27 commercial properties representing 201,217 square feet of the 434,727 square feet. The largest owner is Stars Rei, followed by New York Police Department and then Roberto Buaron.
There are no active new building construction projects on this tax block.

The majority, or 54 percent of the 434,727 square feet of built space are walkup buildings, with specialty buildings next occupying 23 percent of the space.

The seller

The PincusCo database currently indicates that First Atlantic Capital owned at least one commercial property in New York City with 17,260 square feet and a city-determined market value of $10.2 million. (Market value is typically about 50% of actual value.) The portfolio consists of at least a single office property. It is located in Manhattan.

The buyer

The PincusCo database currently indicates that Yuco Management owned at least 31 commercial properties with 309 residential units in New York City with 389,531 square feet and a city-determined market value of $98.9 million. (Market value is typically about 50% of actual value.) The portfolio has $85.9 million in debt, borrowed from Nationwide Life Insurance Company and Capital One. Within the portfolio, the bulk, or 53 percent of the 389,531 square feet of built space are walkup properties, with retail properties next occupying 26 percent of the space. The bulk, or 63 percent of the built space, is in Manhattan, with Brooklyn next at 37 percent of the space.

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