Aaron Barg Acquires Mixed-Use Property From Ralph Della Cava In Lower East Side For $7.75M
259 East Broadway
$7,750,000
$641/SF
Building Size
12,076 SF
Asset Type
Mixed-use
Closing
Feb 8, 2026
About this deal
AI
This mixed-use property located at 259 East Broadway in the Lower East Side has a sale price of $7,750,000. The asset consists of 12,076 square feet, with a price per square foot of $641. It is 53% free market, and all free-market units have been renovated to a high standard.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $7,750,000
- Address: 259 East Broadway
- Market: Lower East Side
- Square Footage: 12,076
- Price per Square Foot: $641
- Buyer: Aaron Barg
- Seller: Ralph Della Cava
- Brokers: Joseph Koicim, Logan Markley, Matt Berger - Marcus & Millichap
The brokers involved in this transaction, Joseph Koicim and Logan Markley, alongside Matt Berger, represent Marcus & Millichap. A note from the broker highlights the consistent demand for high-quality properties with established retail tenants and invites potential buyers to reach out for further opportunities or valuations.
On the Map
$7,750,000
$641/SF
Mixed-use
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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
2.05%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93