SOLDMixed-use
Benedetto Kahlun Of JGK Real Estate Holdings Sells Mixed-Use Property In Manhattan For $23.4M
280 Mulberry Street
$23,400,000
$1,561/SF
Building Size
14,982 SF
Asset Type
Mixed-use
Closing
Feb 5, 2026
AI
A mixed-use property located at 280 Mulberry Street in Manhattan has sold for $23,400,000. The asset spans 14,982 square feet, translating to a price per square foot of $1,561.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $23,400,000
- Address: 280 Mulberry Street
- Market: Manhattan
- Square Footage: 14,982
- Price per Square Foot: $1,561
- Seller: Benedetto Kahlun - JGK Real Estate Holdings
- Broker: Michael Sherman - Baseline Real Estate Advisors
The seller, Benedetto Kahlun from JGK Real Estate Holdings, is actively seeking a 1031 exchange and invites submissions of potential deals to [email protected].
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93