Michael Mintz Purchases Mixed-Use Property In Hudson Yards From Hirshmark Capital For $5.5M
510 Ninth Avenue
$5,500,000
$485/SF
Building Size
11,341 SF
Asset Type
Mixed-use
Closing
Feb 24, 2026
AI
The property located at 510 Ninth Avenue in the Hudson Yards market is a mixed-use asset comprising 2 commercial units and 22 residential units. The sale price was $5,500,000, representing a price per unit of $229,167. The total square footage of the property is 11,341, which results in a price per square foot of $484.
Summary of transaction details:
- Property Type: Mixed-use (2 Commercial & 22 Residential)
- Transaction Amount: $5,500,000
- Units: 24
- Price per Unit: $229,167
- Square Footage: 11,341
- Price per Square Foot: $484
- Buyer: Michael Mintz
- Seller: Hirshmark Capital
- Buyer's Representative: Joe Brikman - Brooklyn Blocks Real Estate & Roy Oskar - Bridge Advisory Group
The transaction involved key representatives in the real estate field, with Joe Brikman and Roy Oskar acting as the buyer's representatives. Interested parties looking for similar deals or wanting to sell their property quickly can reach out via the contact number 718-669-0316.
Players
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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93