Luca Bhalla & David Soroudi Of PJ Capital Partners Buy Mixed-Use Asset For $3M In NoMad
45 East 30th Street
$3,000,000
$439/SF
Building Size
6,819 SF
Asset Type
Mixed-use
Closing
May 1, 2026
AI
The asset involved in the transaction is a mixed-use property located at 45 East 30th Street in the NoMad neighborhood of Manhattan. The sale price for this property was $3,000,000, with a total square footage of 6,819, resulting in a price per square foot of $440.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,000,000
- Address: 45 East 30th Street
- Market: NoMad, Manhattan
- Square Footage: 6,819
- Price per Square Foot: $440
- Buyer: Luca Bhalla & David Soroudi - PJ Capital Partners
- Seller: Mark F. Engel - Langsam Property Services
The deal involved J Capital Partners, through CV Equity 2 LLC, acquiring six retail and commercial condo units from Langsam Property Services. The transaction is anticipated to be cash-flowing.
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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93