Ziel Feldman’s HFZ Capital enlarges UES assemblage with $49M in purchases

Ziel Feldman’s HFZ Capital paid $49.2 million to two sellers to purchase three buildings. That grows his assemblage at the southeast corner of 79th Street and Lexington Avenue to five parcels and air rights from a sixth.

In the first transaction, Ziel Feldman’s HFZ Capital through the entity 150-152 East 79 LLC paid Seligman Rosenberg’s Montrose Lexington Associates, L.P. $30.5 million for 152 East 79th Street and 150 East 79th Street in the Upper East Side. The deal closed on February 28, 2020, and was recorded on March 13, 2020. The transaction consists of 2 parcels, including the tax class retail building with apartments above (K4) and containing 4 residential units.

Feldman bought several of the assemblage parcels, including at 1135 Lexington Avenue, in 2018.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

In the second transaction, Feldman’s HFZ Capital through the entity 150-152 East 79 LLC paid Marcos Camhis, as authorized signatory for East 79th Street Development LLC, $18.7 million for 154 East 79th Street in the Upper East Side. The deal closed on February 28, 2020, and was recorded on March 13, 2020. The transaction consists of 1 parcel, including the tax class retail building with apartments above (K4) and containing 3 residential units. The property is 4,080 square feet. The parcel has total development potential of 13,600 square feet.
The average sale price per square foot is $1,371.

The last time the property sold was April 13, 2018, for $12,750,000.

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 $15,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link