Ira Lifschutz Of New Aim Realty Acquires Mixed-use Property From Gindi Family For $10.25M
90 Nassau Street
$8,675,000
Building Size
—
Asset Type
Mixed-use
Closing
Aug 7, 2025
About this deal
AI
The property asset involved in the transaction is a mixed-use building located at 90 Nassau Street in Manhattan. The acquisition was secured with a purchase price of $10,250,000, accompanied by a loan amount of $8,675,000 specifically for acquisition purposes.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $10,250,000
- Loan Amount: $8,675,000
- Date of Transaction: 8/8/2025
- Buyer: Ira Lifschutz - New Aim Realty
- Seller: Gindi Family
- Lender: Derby Copeland Capital
- Broker: Meridian Capital Group
This transaction highlights the involvement of Ira Lifschutz from New Aim Realty representing the buyer, while the seller, Gindi Family, facilitated the deal with financing provided by Derby Copeland Capital, showcasing the roles of key stakeholders in the acquisition process.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.83%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93