Adam Rubin, Andrew Shanfeld, Jeremy Aidan, Ebi Khalili, Josh Rahmani, And Andrew Rosen Acquire Mixed-Use Property From Phillip Chong For $35.03M
21 Howard Street
$35,025,000
$338/SF
Building Size
103,500 SF
Asset Type
Mixed-use
Closing
May 3, 2026
AI
The property asset involved in this transaction is located at 21 Howard Street in Manhattan. It is categorized as a mixed-use asset and encompasses a total of 103,500 square feet. The sale price recorded for this property was $35,025,000, resulting in a price per square foot of $338.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $35,025,000
- Address: 21 Howard Street
- Market: Manhattan
- Square Footage: 103,500
- Price per Square Foot: $338
- Buyer: Adam Rubin, Andrew Shanfeld, Jeremy Aidan, Ebi Khalili, Josh Rahmani, Andrew Rosen
- Seller: Phillip Chong
- Broker: Chirag Doshi - Meridian Capital Group
The transaction involved a group of buyers consisting of Adam Rubin, Andrew Shanfeld, Jeremy Aidan, Ebi Khalili, Josh Rahmani, and Andrew Rosen, who collectively facilitated the acquisition. The seller of the property was Phillip Chong, while the deal was brokered by Chirag Doshi from Meridian Capital Group, who represented the seller in this transaction.
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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93