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21 Howard Street

Adam Rubin, Andrew Shanfeld, Jeremy Aidan, Ebi Khalili, Josh Rahmani, And Andrew Rosen Acquire Mixed-Use Property From Phillip Chong For $35.03M
SOLDMixed-use

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:

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

Chirag Doshi

Meridian Capital Group

Broker

$263.2M

vol

9 deals

Broker

Jeremy Aidan

Buyer

$35M

vol

4 deals

Buyer

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