VEGAS INC coverage
When investors buy commercial real estate, they typically purchase it through limited liability companies with boring names such as BBD1 LLC or 245 Main Street LLC.
One group of Las Vegas buyers wanted a more celebratory feel for their company.
They chose Mazaltov, a one-word variation of the two-word Hebrew phrase for “congratulations.”
Mazaltov LLC is the new owner of the Fairfield Apartments, a 20-unit complex in the Naked City, the hardscrabble neighborhood near the Stratosphere. The investors bought the 60-year-old property last month for $535,000 cash, brokerage firm NAI Sauter Cos. said.
NAI represented the sellers, Aharon and Haviva Gazala, who bought the complex at 2201 Fairfield Ave. for $500,000 in 1990.
The managers of Mazaltov LLC are Adriana Leonor Ungar De Tolstanov, Veky Carrasco De Tolstanov, Renee Huberman and Hector Gamsie, according to state records.
The fenced-off complex has several boarded-up windows. NAI describes the property as “vacant/rehab ready.”