Thomas Breen photo
Former convent at 349-351 McKinley.
A local landlord purchased Saints Aedan & Brendan Church’s former convent building on McKinley Avenue for $375,000, and affiliates of the local megalandlord Mandy Management pulled more than $12.2 million worth of mortgages from a California-based commercial lender.
Those are among the most recently filed land records in town.
According to the city land records database, on Sept. 2, Klugkatz LLC paid $375,000 to the Saints Aedan and Brendan Parish Corporation to purchase the vacant former convent building at 349 – 351 McKinley Ave. The new owner is a holding company controlled by local landlord Schneur Katz.
The Westville Catholic church has been trying for years to sell the former convent building that sits on its five-building, 2.23-acre campus at 122 Fountain St.
Back in 2016, architect Fernando Pastor and Rafael Sanz of the Elm Street-based Caritas Capital Partners sought to purchase the property and convert it into nine condos.
In October 2020, the church won a suite of side yard and rear yard-related variances from the city’s Board of Zoning Appeals (BZA) in an effort to make the convent property more attractive to prospective buyers.
“We’re asking for these variances to enable the church to sell a portion of the site, which is the old convent and which is no longer used for that purpose,” church-hired attorney Brian Stone said during that BZA hearing. “There’s no need for that use anymore.” The church, he said, is eager to “put that building built 75 years ago to productive use, and put it on the tax rolls again.”
Neither the church nor Katz responded to a request for comment by the publication time of this article.
City land records database
Recent property transactions.
In other recent property transactions:
• On Aug. 26, ABCD Development-Beecher Blake LLC paid $4.9 million to Beecher-Blake Gardens LLC to purchase the 40-unit apartment complex at 265 Blake St. The property last sold for $2.175 million in 2012, and the city last appraised it as worth $2,323,600. Both the buyer holding company and the seller holding company are affiliates of local megalandlord Mandy Management. The new ownership company is controlled by Mandy founder Menachem Gurevitch and Concorde Finance, while the seller company is controlled by Gurevitch and Jacob Raichman.
• On Aug. 30, Danny and Guy 1 Owner LLC paid $3.5 million to Netz Bonds Keren New Haven LLC to purchase 19 different rental properties containing 29 different apartments. The city last appraised those properties as worth a combined total of $2,197,000. As with the 265 Blake St. deal, both the buyer and seller companies are affiliates of Mandy Management. The new ownership company is controlled by Guy Shabat and Danny Saad, and lists its corporate address as 399 Whalley Ave. — which is Mandy’s local headquarters. (Gurevitch also signed on behalf of the new owners for a new mortgage taken out on the properties. See more on that below.) The seller company, meanwhile, is controlled by Gurevitch and Netz U.S.A. LLC.
Mandy Management’s Yudi Gurevitch described both of the above transactions as “no more than a change of names.” He said the properties in question will remain under the ownership and management of Mandy.
• On Aug. 25, 47 Whalley Ave LLC paid $550,000 to Daihatsu LLC to purchase the restaurant at 47 Whalley Ave. That property last sold for $280,000 in 2006, and the city last appraised it as worth $399,600. The new ownership company is controlled by Riri Bong and Min Deng Chen.
Mandy Affiliates Pull $12.2M In Mortgages
Recent LLC mortgages.
In recent mortgages pulled by local LLCs, two Mandy-related companies pulled $12,271,000 in loans from the California-based lender CoreVest American Finance Lender LLC.
Those included a $9,646,000 mortgage pulled on Aug. 31 by the Mandy-affiliated Netz Keren De LLC. The 27 rental properties included in that mortgage are 104 Sherman Ave., 106 Fulton St., 116 Roger White Dr., 12 Valley Pl S., 1226 Whalley Ave., 130 Sheffield Ave., 133 Orchard St., 1617 Chapel St., 205 Winthrop Ave., 227 County St., 25 Read St., 265 Norton St., 276 Clinton Ave., 29 Dickerman Ave., 33 Whittlesey Ave., 341 Peck St., 401 Sherman Ave., 50 Blake St., 645 Washington Ave., 672 Congress Ave., 69 Plymouth St., 72 Lawncrest Rd., 742 Elm St., 750 Legion Ave., 81 Sherman Ave., 90 Orchard St., and 92 Sylvan Ave.
Also on Aug. 31, the Mandy-affiliated Danny and Guy 1 Owner LLC pulled a $2.625 million mortgage from CoreVest for 19 local rental properties. Those includes 1086 Whalley Ave., 467 Valley St., 17 Shelton Ave., 50 Hotchkiss St., 17 Watson St., 57 Rock Creek Rd., 59 Winthrop Ave., 268 Winthrop Ave., 10 Pardee St., 116 Lamberton St., 13 Watson St., 187 Saltonstall Ave., 189 Ferry St., 194 Frank St., 22 Stevens St., 247 Davenport Ave., 262 Davenport Ave., 9 Stevens St., and 249 Munson St.