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

Property Image
SOLD
$331,075,000
+ 2

New York

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Mixed-use448,079 SF
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SOLD

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

137 Sullivan Street, Manhattan, 10012

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Mixed-use448,079 SF
Sold
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$738
Total Square Footage:448079 SF
Transaction Type:Sale

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

8 deals$380.5M volume
SELLER

1 deal$331.1M volume
SELLER

1 deal$331.1M volume
SELLER

1 deal$331.1M volume
SELLER

1 deal$331.1M volume
SELLER

Details

SOLD
IMAGE: 02/28/2026 ADDRESS: Mixed-use & Multifamily Portfolio MARKET: Manhattan ASSET TYPE: Mixed-use & Multifamily LANDLORD: Ohebshalom SALE PRICE: $331,075,000 SF: 448,079 ~ PPSF: $739 PROPERTIES: 22 NOTE: 22 multifamily deals across Manhattan and Brooklyn, headlined by the Ohebshalom family's $331.1M portfolio sale of 448,079 sq ft at $739/SF closing February 28, 2026. Several deals show matching LLC names on both sides, unclear if arm's length sales or internal transfers.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$1,176,239.55
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