Edan Pinkas Purchases Nolita Condo From Jeffrey Herz For $16.3 Million
224 Mulberry Street
$16,300,000
$2,887/SF
Building Size
5,646 SF
Asset Type
Condo
Closing
Jul 30, 2026
About this deal
AI
A condo located at 224 Mulberry Street in Nolita, Manhattan was acquired for $16,300,000. The property spans 5,646 square feet and corresponds to a price per square foot of $2,887. The transaction was finalized on July 30, 2026.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $16,300,000
- Address: 224 Mulberry Street, Nolita, Manhattan
- Square Footage: 5,646
- Price Per Square Foot: $2,887
- Buyer: Edan Pinkas
- Seller: Jeffrey Herz
- Sale Date: July 30, 2026
Edan Pinkas represented himself in this transaction while Jeffrey Herz was the seller. The deal reflects the dynamics of the Manhattan real estate market for high-value properties.
Players
New York Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $2.9K per square foot on a published $16.3M for 5,646 square feet (2026).
Browse New York condo sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.97%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93