TARGO Capital Partners And PAMERA Acquire Mixed-Use Portfolio At 236 And 242 Elizabeth Street For $22.25M

The mixed-use portfolio at 236 and 242 Elizabeth Street in Nolita consists of 3 commercial and 9 residential units, totaling 16,940 square feet. The transaction occurred on January 27, 2026, with a sale price of $22,250,000, which reflects a price per square foot of $1,313.

Summary of transation details:

• Property Type: Mixed-use
• Transaction Amount: $22,250,000
• Address: 236 & 242 Elizabeth Street
• Market: Nolita
• Square Footage: 16,940
• Price per Square Foot: $1,313
• Buyer: TARGO Capital Partners (David Gleitman & Adam Basuljevic), PAMERA North America (Cord Ernst & Aaron Bothner)
• Seller: Ronald James Ervolino
• Broker: Matthew Homapour

TARGO Capital Partners, represented by David Gleitman and Adam Basuljevic, along with PAMERA North America, represented by Cord Ernst and Aaron Bothner, acquired the property from Ronald James Ervolino. The transaction indicates the partnership's focus on prime locations and emphasizes their relationship-driven approach in highly competitive submarkets. TARGO and PAMERA are actively seeking additional acquisition opportunities in New York City.