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New York

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Mixed Use

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Loan

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90 Nassau Street

Updated Aug 17, 2026

Bilt advertisement
Ira Lifschutz Of New Aim Realty Acquires Mixed-use Property From Gindi Family For $10.25M
FINANCEDMixed-use

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:

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

Meridian Capital Group
Meridian Capital GroupBrokerage

Ira Lifschutz

New Aim Realty

Buyer
Buyer
New Aim Realty
New Aim RealtyBuyer
Gindi family
Gindi familySeller
Derby Copeland Capital
Derby Copeland CapitalLender

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

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