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:
- Property Type: Mixed-use
- Transaction Amount: $15,250,000
- Address: 158 Lafayette Street
- Market: SoHo, Manhattan
- Square Footage: 19,873
- Price per Square Foot: $767
- Buyer: Dan Arev & Doug Levine
- Seller: Ready Capital
- Seller's Representative: Stephen Dadourian, Matthew Gavin & Brock Emmetsberger - Matthews
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
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