Ali Tabrizi, David Khaloyan, And Benjamin Esshaghian Acquire Mixed-Use Property In Lower East Side For $6.25M

The property asset involved in the transaction is located at 37 Orchard Street in the Lower East Side market. It is a mixed-use asset comprising 9,260 square feet, which includes 16 residential units along with over 1,900 square feet of retail space. The transaction was executed with a loan amount of $4,550,000 and a sale price of $6,250,000.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $6,250,000
• Loan Amount: $4,550,000
• Lender: Hanover Capital
• Landlord: Ali Tabrizi, David Khaloyan & Benjamin Esshaghian - EKT Equities
• Brokers: Morgan Ben-Moshe, David Oheb & Dorian Aftalion - Meridian Capital Group
• Units: 16 Residential
• Retail Space: over 1,900 SF

The key individuals involved in this transaction include Ali Tabrizi, David Khaloyan, and Benjamin Esshaghian, who are part of EKT Equities, serving as landlords. Morgan Ben-Moshe and David Oheb from Meridian Capital Group represented the transaction in their brokerage capacity. Additionally, while still in contract, Jacob Mayer and James Famularo from Meridian Retail Leasing secured a lease with Brut Clothing for the ground-floor retail space, adding value to the acquisition loan negotiations.