Permits & development · Deals & development · 10/19/2026
Brooklyn developer buys three NoMad rowhouses for $16M
Brooklyn developer Leonid Bogomolniy bought three mixed-use rowhouses on East 31st Street in NoMad for $16 million. The report says the purchase could set up a future development project, but no plans have been announced.
Reported by Crain's New YorkRead the original ↗
What happened
Crain's New York reported on October 19, 2026 that Brooklyn developer Leonid Bogomolniy bought three rowhouses on East 31st Street in Manhattan's NoMad neighborhood. Crain's put the total price for the trio at $16 million.
The properties are mixed-use, according to Crain's. The outlet said the purchase was for possible development and that the Brooklyn developer might be eyeing NoMad for his next project.
The report does not give street numbers, the seller, the number of apartments or commercial spaces, or any specific plans for the site.
Key facts
- Buyer
- Leonid Bogomolniy, a Brooklyn developer
- Location
- East 31st Street, NoMad, Manhattan
- Properties
- Three mixed-use rowhouses
- Price
- $16 million for the trio
- Purpose
- Possible development, per Crain's
- Reported by
- Crain's New York, October 19, 2026
What it means
Tenants and voucher holders
If you live or run a business in one of these buildings, the report signals the new owner may be weighing development. It does not say any tenants will be affected, so check your lease and your rent-regulation status.
Landlords
The deal shows a Brooklyn developer looking at Manhattan rowhouses as a development play. The report gives no price per unit or zoning detail to use as a comparison.
Buyers and owners
Owners of small mixed-use buildings nearby may see this as a sign of developer interest in the block. The material does not say what was paid per building or what could be built.
The highlights
- The buyer is developer Leonid Bogomolniy.
- The three rowhouses are on East 31st Street.
- The buildings are mixed-use properties.
Why it matters Landlords
Small mixed-use buildings in Manhattan are still drawing developer money, a sign of how buyers value older rowhouse sites.
Not known yet
- The exact addresses and how many residential and commercial units the buildings hold
- Whether any apartments are rent-stabilized or currently occupied
- What the developer plans to build, if anything, and on what timeline
- Who sold the properties
Background
In New York City, an owner who wants to demolish or substantially alter a building generally needs permits from the Department of Buildings (DOB). If a building has rent-stabilized apartments, an owner seeking to demolish and remove those tenants must typically apply to the state's Homes and Community Renewal (HCR) agency, and tenants have rights in that process. Tenants who believe they are being pushed out improperly can raise harassment claims, and the city's Housing Preservation and Development agency (HPD) enforces housing maintenance rules in occupied buildings.
Summary written by Bulwark from Crain's New York’s reporting. The original story is at crainsnewyork.com. This is general information, not legal advice.
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