City assessor photos
9 of Mandy’s new purchases: 45 Springside Ave., 52 Winchester Ave., 300 West Elm St., 105 Rock Creek Rd., 56 Pendleton St., 58 William St., 33 Pendleton St., 25 Young St., 31 Young St.
Affiliates of the local mega-landlord Mandy Management recently spent over $2.2 million buying 22 apartments in 10 different one‑, two‑, and three-family houses in Amity, Beaver Hills, Dixwell, Edgewood, West Rock, Westville, and Wooster Square.
Those were among the latest transactions posted to the city land records database
On April 20, Real Estate Group XV LLC and Gur New Haven II LLC, two holding companies owned by Mandy principal Menachem Gurevitch, spent a total of $2.05 million buying nine houses containing 20 apartments from Eliezer Greer, Dov Greer, and Aviad Hack. Those land swaps took place across five different legal property transactions.
The properties included in the deals were the two-family house at 52 Winchester Ave., the three-family house at 33 Pendleton St., the single-family house at 300 West Elm St., the three-family house at 57 William St., the single-family house at 45 Springside Ave., the three-family house at 31 Young St., the single-family house at 105 Rock Creek Rd., the three-family house at 56 Pendleton St., and the three-family house at 25 Young St.
The city last appraised those nine properties as worth a total of $1,791,000.
And on Feb. 24, Re Fund II SFR 1 LLC, another Mandy-affiliated holding company, purchased the two-family house at 262 Winthrop Ave. from Emily Pinto and Teresa Suarez-Harris. The city last appraised that property as worth $158,900.
When asked about the five recent land deals with the Greers and Hack and about how Covid-19 has affected Mandy’s business, Mandy Management’s Yudi Gurevitch told the Independent by email, “Our recent acquisition of the nine properties you mention is a continuation of our business’ core mission of acquiring quality rental properties throughout all of New haven’s diverse neighborhoods. In good times and bad, we reaffirm our commitment to New Haven every time we purchase a property. The current epidemic did not influence the timing of this transaction.”
Paul Bass file photo
Eliezer Greer (pictured) told the Independent he and his brother and Hack decided to sell the nine properties because the three real estate partners now live in three different states: Connecticut, New York, and Rhode Island.
“New Haven has a very healthy and robust real estate market,” he told the Independent. And considering that the three no longer live in the Elm City and still owned a diverse stock of residential housing spread out across the city, they decided to try to sell.
“We thought it was a very logical next step,” he said.
According to city land records, the Greers and Hack quitclaimed the deeds to the nine houses from their holding companies Turning Wheel LLC and Maya Wheel LLC to their individual names on Jan. 28. On April 3, they designated powers of attorney to local real estate lawyers to follow through on selling the properties.
Eliezer Greer said they decided to sell to Mandy Management because that’s the buyer that the real estate broker they used found.
Last year, Mandy-affiliated companies spent over $16.1 million on local real estate, buying 70 properties containing 186 apartments citywide.
251 Grand Ave.
In other recent property transactions, on April 29, 251 Grand Ave LLC purchased the three-unit residential-commercial building at 251 Grand Ave. from J&K Property LLC for $325,000. 251 Grand Ave LLC is a holding company owned by Qiang Lin and J&K Property LLC is a holding company owned by Hu Mei Chen. The property last sold for $325,000 in 2007, and the city last appraised it as worth $322,000.
On April 27, New Haven Community Development, a holding company owned by Yonah Schwartz and Chaim Vail, purchased the two-family house at 269 West Ivy St. from the U.S. Bank National Association for $79,800. The property last sold for $114,328 in 2019, and the city last appraised the property as worth $146,100.
And on Feb. 21, Bavaro Properties Inc., a holding company owned by Matthew Bavaro, purchased the single-family house at 18 Cave St. from Xiangbing Wang for $71,500. The property last sold for $35,000 in 2017, and the city last appraised it as worth $90,900.
Previous property sale coverage:
• ConnCAT Buys Dixwell Clinic Building
• City Buys Walt’s Cleaners For Dixwell Plan
• 2nd Try Adds $1M To Purchase Price
• Investors Drop $1.1M On East Side Condos
• Out-Of-Town Builder Buys Park St. Block For $4.7M
• Ocean Spends $1.45M On 7 Houses
• 66 Norton Sells For $1.46M
• Mandy’s Buying Spree Tops $16.1M
• “Rt. 34 West” Hotel Site Sold For $2.8M
• Spinnaker Flips Comcast Project For $14.6M
• Sherman Medical Building Sells For $2.7M
• Pike, Mandy Spend $2M+ In Latest Buys
• 200+ Apartments Planned At Empty Eyesore
• Annex Apartments Sold For $3.95M
• Mill River Office Building Sold For $4.65M
• Local Landlords, Albertus Magnus Expand
• Mandy Buys Warehouse For $1.6M
• Pike Collects $890K On Wooster Sq. Sales
• Springside Apartments Sell For $3.2M
• Family Dollar Sells For 1.8M Dollars
• Pike Sells 2 Buildings To Yale For $3.8M
• Mansion Sells For Only $1.45M
• Landlord Tops 340 Units
• High Street Apts Sell For $25M+
• St. Michael’s School Sold, For Apartments
• Ocean Management Acquires Perrotti Westville Properties
• Paris Realty Picks Up 6 Q Meadows Condos
• Landlord Boosts West River Condo Holdings
• $21 Million Changes Hands In 2 Days
• 50 Factory Jobs Coming To Fair Haven
• Brendan Towers Sold For $6M+
• Investors Drop $917K On West Side Condos
• Mandy’s 2018 Buying Spree Nears $13M
• Mandy Empire Buys Up The Block
• Roots Planted In Newhallville
• Latest Sales: Mandy Buying Spree Continues
• Latest Sales: Mandy Expands In City Point
• Latest Sales: East Rock Home Buy Tops $1M
• Latest Deals: Beulah’s 5th Rehab On Block
• Latest Sales: NHR Sheds Small To Focus Big
• Latest Sales: Mandy Buys In Heights
• Home Sale Price Doubles In 13 Years