A Hudson Yards landlord and onetime street cart mogul is parting ways with a Garment District industrial building, city records show.
George Makkos, who owns a string of mixed-use properties on Ninth Avenue near Hudson Yards, is in contract to sell 349 W. 37th St. through the entity M & T Pretzel Inc., according to documents that hit city records last week. Makkos, who last year listed his own triplex condo at 117 E. 57th St. for $11.5 million, signed the contract himself, records show. He did not return a request for comment by press time.
The expected buyer is the limited liability company Vdx 351 W37th, which appears connected to Tribeca-based technology company Vandrax Technologies. Vandrax founder and CEO Shahn Christian Andersen signed the contract on behalf of the purchaser, records show. There is no sale price associated with the pending transaction, but the 6-story building between Eighth and Ninth avenues has a tentative market value of just under $4 million, according to city records.
As part of the deal, Anderson also bought the adjacent lot at 353 W. 37th St., which is currently occupied by a parking lot, records show. Attempts to reach him were unsuccessful by press time, but he appears to have filed plans with the state attorney general’s office for a 115-unit condo project on the site, according to state records. PincusCo first reported on the proposed condos, which Anderson submitted plans for last month under the same sponsor name that he used to buy the property, records show.
Jonathan Pivovarov, an attorney at Financial District-based law firm Marans Newman Tsolis & Nazinitsky, submitted the offering plan for the new condo building, which is projected to have a $213.9 million sellout, records show.
Makkos; his brother, Thomas; and their father, Themistoklis, a Greek immigrant; once had a lock on nearly every food cart in Central Park, from Wollman Rink to the Metropolitan Museum of Art. Their business, M&T Pretzel, was by the mid-2000s reportedly earning them as much as $400,000 at some sites.
