Jordan Vogel Of Benchmark Real Estate Group Acquires Mixed-Use Property In Upper West Side For $66M
250 West 85th Street
$66,000,000
$590/SF
Building Size
111,811 SF
Asset Type
Mixed-use
Closing
Aug 26, 2025
AI
A mixed-use property was sold at 250 West 85th Street, located in the Upper West Side of Manhattan. The sale price for the asset amounted to $66 million, equating to approximately $590 per square foot. The property spans a total area of 111,811 square feet.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $66,000,000
- Square Footage: 111,811
- Price per Square Foot: $590
- Address: 250 West 85th Street
- Market: Upper West Side, Manhattan
- Buyer: Jordan Vogel - Benchmark Real Estate Group
- Seller: Robert Ross
- Closing Date: August 26, 2025
Jordan Vogel represented Benchmark Real Estate Group in this transaction, purchasing the property from seller Robert Ross. The deal reflects the active commercial real estate market in Manhattan, with significant engagements between established entities.
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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93