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137 Sullivan Street, Manhat...

Ohebshalom Sells Mixed-use & Multifamily Portfolio In Manhattan For $331.1M
SOLDMixed-use

Ohebshalom Sells Mixed-use & Multifamily Portfolio In Manhattan For $331.1M

137 Sullivan Street, Manhattan, 10012

$331,075,000

$738/SF

Building Size

448,079 SF

Asset Type

Mixed-use

Closing

Feb 28, 2026

AI

The transaction involved a mixed-use and multifamily portfolio located in Manhattan, comprising a total of 448,079 square feet. The asset consists of 22 properties and was sold for $331,075,000, translating to a price per square foot of $739. The sale was finalized on February 28, 2026.

Summary of transaction details:

  • Property Type: Mixed-use & Multifamily
  • Transaction Amount: $331,075,000
  • Square Footage: 448,079
  • Price per Square Foot: $739
  • Number of Properties: 22
  • Market: Manhattan
  • Landlord: Ohebshalom

The sale features multiple multifamily deals across Manhattan and Brooklyn, notably highlighting the Ohebshalom family's involvement in this substantial portfolio transaction. Additionally, there are indications that several deals include matching LLC names on both sides, leading to questions regarding whether these were arm's length sales or internal transfers.

Players

Nader Ohebshalom

Seller

$380.5M

vol

8 deals

Seller

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.05%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93