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This is a small-scale but well-located mixed-use acquisition in Tribeca, one of Manhattan's most desirable and supply-constrained submarkets, at $1,160/SF which is broadly in line with comparable mixed-use sales in the area. The property offers near-term value-add upside with two vacant residential units to be delivered vacant and a retail space expected to vacate shortly after closing, enabling the buyer to reset rents to market and potentially capture meaningful income growth. The air rights for two additional floors as-of-right represent a meaningful optionality value given Tribeca's zoning constraints and the shallow lot's exemption from setback requirements. Both buyer and seller are credible, repeat participants in the NYC market, and the involvement of SP Capital Group as broker adds further transactional legitimacy. The primary risks are the transitional nature of the income stream at close and the modest scale of the asset, which limits institutional lender appetite and increases reliance on bridge or private capital.
Deal Stats
Parties
Seller / Landlord
Dennis Pantzer is a known NYC real estate owner and operator, associated with the Pantzer family which has a long-standing presence in New York City real estate; the sale of this Tribeca asset suggests portfolio optimization or a strategic disposition.
Buyer / Tenant
Joshua Greenberg is an active NYC mixed-use and multifamily investor with a documented transaction volume of approximately $145.7M across 13 deals, indicating a sophisticated and repeat participant in the New York City market with a focus on value-add and repositioning opportunities.
Score Analysis
Why this score
Prime Submarket Location
Tribeca is Manhattan's most supply-constrained and desirable neighborhood, providing strong rental demand and appreciation potential despite transitional income at acquisition.
Experienced Buyer Profile
Joshua Greenberg's $145.7M transaction volume across 13 deals demonstrates institutional-grade execution capability and deep expertise in value-add mixed-use repositioning.
Meaningful Value-Add Catalyst
Two vacant residential units plus imminent retail vacancy create immediate rent-reset opportunities to market rates, generating near-term NOI expansion.
Financing Constraints & Asset Scale
Small asset size and transitional income profile limit institutional lender appetite, forcing reliance on bridge or private capital at higher cost of funds and shorter terms.
Zoning Upside & Air Rights
Two as-of-right buildable floors plus exemption from setback requirements provide material optionality value in a supply-constrained market with limited development capacity.
How to improve
The following actions could meaningfully improve this deal's Homage score. Each suggestion is based on the deal's profile, asset type, and current rating — addressing them before approaching a lender can increase approval likelihood and lower borrowing costs.
Quantify Rent Reset Upside
Specify market rental rates for the two residential units and retail space to model precise NOI accretion and project payoff timeline for value-add execution.
Detail Air Rights Monetization Path
Provide architectural study, zoning compliance analysis, and comparable development comps to quantify the additive value and feasibility of the two additional floors.
Clarify Financing Structure & Terms
Specify bridge loan terms, private capital source, exit timeline, and interest carry to assess total cost of capital and refinance assumptions post-stabilization.
Raw Deal Textclick to expand
traded + Submit Growing Financial Partnerships For Over 30 Years. Get Started Home Deals New York Mixed Use Sale 141 West Broadway Share SOLD Mixed-use Joshua Greenberg Acquires Mixed-use Property In Tribeca From Dennis Pantzer For $2.9M $2,900,000 $1,160/SF BUILDING SIZE 2,500 SF ASSET TYPE CLOSING Jun 14, 2026 Overview Players Market Deal Summary Caption AI A mixed-use property located at 141 West Broadway in the Tribeca market has been sold for $2,900,000. The asset comprises 1 commercial unit and 2 residential units, totaling 3 units with a square footage of 2,500. The price per unit is $966,667, and the price per square foot stands at $1,160. Summary of transaction details: Property Type: Mixed-use (1 Commercial & 2 Residential) Transaction Amount: $2,900,000 Buyer: Joshua Greenberg Seller: Dennis Pantzer Broker: Matthew D. Homapour Buyer’s Attorney: Bryan Anderson - Anderson Law Units: 3 Square Footage: 2,500 Price Per Unit: $966,667 Price Per Square Foot: $1,160 The property features two full floor apartments and one retail store. The upstairs units will be delivered vacant, while the retail space is set to vacate soon after closing to be rerented. Additionally, the property has air rights for two additional floors as of right, with no front or rear setbacks needed due to its shallow lot. It is situated next to the iconic Cafe Odeon. PLAYERS All Brokers Buyers | Sellers Matthew D. Homapour SP Capital Group BROKER $47.5M VOL 4 deals Contact Joshua Greenberg BUYER $145.7M 13 deals Downtown West Commercial District Mixed-use Market Snapshot Neighborhood boundary · Mixed-use · Sale transactions Full Market → Comps 10 Listings Investors Top Brokers Lenders Parag Sawahney Acquires Mixed-Use Asset At 5 Lispenard Street For $3.5M With Seller's Rep Newmark 3,500 SF · Mar 2025 New York, New York $3,500,000 $1,000/SF 0.3 mi Leung Family Sells Mixed-Use Property On Mott Street In NYC For $3.56M 11,112 SF · May 2023 $3,558,888 $320/SF 0.5 mi Lin Wei Huang Acquires Mixed-Use Building In Chinatown For $3.4M 4,646 SF · May 2024 $3,400,000 $731/SF Ryan Sani Of Greenstone Realty Group Buys Mixed-Use Asset For $2.42M 4,900 SF · May 2024 $2,425,000 $494/SF Sao Fan Sells Mixed-Use Property At 118 Mulberry Street In Chinatown For $2,280,000 11,154 SF · May 2026 $2,280,000 $204/SF Ivy Chen Acquires Mixed-Use Building At 74 Mott Street For $3.8 Million From Harvard H. Tang 11,125 SF · Apr 2026 $3,800,000 $341/SF Hung & Abdalla Gallery Acquires Retail Condominium In NoLiTa For $1.94M 1,456 SF · Jan 2021 $1,940,000 $1,332/SF 0.6 mi Gorjian Real Estate Group Buys 171 Mott Street Mixed Use From Jonely Moy 6,382 SF · Aug 2025 $2,725,000 $427/SF The Morgan Family Acquires Mixed-Use Property In South Street Seaport, Manhattan For $3.4M 5,700 SF · Dec 2021 $596/SF 0.7 mi Danny Guo Acquires Mixed-use Property At 77-79 Madison Avenue Manhattan For $3.89M 21,274 SF · May 2026 $3,890,000 $182/SF Live MORE DEALS $3.5M $3.6M $3.4M $2.4M $2.3M $3.8M $1.9M $2.7M $3.9M NEARBY MARKETS NEIGHBORHOODS Williamsburg Commercial District Greenpoint Williamsburg Fort Greene Clinton Hill Red Hook Downtown Brooklyn Submarket Brooklyn Heights-Cobble Hill Financial District Chinatown Lower East Side East Village BOROUGHS Staten Island Bronx Queens Manhattan Brooklyn CITIES Paterson Hackensack Bayonne Paramus East Orange Hoboken Newark Clifton Jersey City West New York Linden Fort Lee STATES North Carolina Virginia West Virginia Michigan Massachusetts Pennsylvania Vermont South Carolina New Hampshire District of Columbia New Jersey We are telling CRE's story Traded is the #1 source for cutting-edge CRE transactions & insights. 1M+ DEALS 100K+ USERS 47 MARKETS 1.2M+ FOLLOWERS Browse Closings by State National Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Minnesota Mississippi Missouri Montana Nebraska Nevada New Mexico North Dakota Ohio Oklahoma Oregon Rhode Island South Dakota Tennessee Texas Utah Washington Wisconsin Wyoming Search News Agents Agencies About About Us FAQ Testimonials Help Help Center Pricing Return Policy Follow a feed Nat @traded NY @tradedny MIA @tradedmiami LA @tradedla CHI @tradedchicago BOS @tradedboston DAL @tradeddallas NJ @tradednj 300K+ The Traded Weekly Every major deal & ranking update — Friday mornings. Email © 2026 Traded Media LLC · All rights reserved. Terms & Conditions Privacy Disclaimer Cookie Policy Do Not Sell My Info Acceptable Use