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158 Lafayette Street

Dan Arev & Doug Levine Acquire Mixed-Use Property From Ready Capital For $15.25M In SoHo
SOLDMixed-use

Dan Arev & Doug Levine Acquire Mixed-Use Property From Ready Capital For $15.25M In SoHo

158 Lafayette Street

$15,250,000

$767/SF

Building Size

19,873 SF

Asset Type

Mixed-use

Closing

Feb 9, 2026

AI

The property asset involved in the transaction is a mixed-use building located at 158 Lafayette Street in the SoHo market of Manhattan. The sale price was $15,250,000, with a size of 19,873 square feet, resulting in a price per square foot of $767.

Summary of transaction details:

The transaction involved key individuals including buyers Dan Arev and Doug Levine, who acquired the property from seller Ready Capital, represented by Stephen Dadourian, Matthew Gavin, and Brock Emmetsberger from Matthews. Their roles were pivotal in facilitating this transaction in the Manhattan real estate market.

Players

Brock Emmetsberger

Matthews

Broker

$348M

vol

27 deals

Broker

Doug Levine

Buyer

$102.1M

vol

11 deals

Buyer
Ready Capital
Ready CapitalSeller

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

1.04%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93