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550 West 25th Street

Empire Capital Holdings And Prime Group Holdings Buy Winter Properties In Hell's Kitchen
SOLDMixed-use

Empire Capital Holdings And Prime Group Holdings Buy Winter Properties In Hell's Kitchen

550 West 25th Street & 599 11th Avenue

$40,000,000

$388/SF

Building Size

103,000 SF

Asset Type

Mixed-use

Closing

Jul 26, 2025

AI

The property is a mixed-use asset located at 550 West 25th Street and 599 11th Avenue in Hell's Kitchen, Manhattan. The sale price was $40,150,000 for about 34,000 square feet, equating to roughly $1,181 per square foot.

Summary of transation details:

  • Property Type: Mixed-use
  • Transaction Amount: $40,150,000
  • Address: 550 West 25th Street & 599 11th Avenue
  • Market: Hell's Kitchen, Manhattan
  • Square Footage: 34,000
  • Price per Square Foot: $1,181
  • Buyers: Aaron Bergman & Ebi Khalili - Empire Capital Holdings; Robert Moser - Prime Group Holdings
  • Seller: Winter Properties
  • Seller's Representative: CBRE (Doug Middleton, Jack Stillwagon, Daniel Kaplan, Justin Arzi)
  • Sale Date: 7/27/2025

The transaction centers on buyers Aaron Bergman and Ebi Khalili of Empire Capital Holdings, and Robert Moser of Prime Group Holdings, with Winter Properties as the seller. CBRE represented the seller, led by brokers Doug Middleton, Jack Stillwagon, Daniel Kaplan, and Justin Arzi.

Players

Doug Middleton

CBRE

Broker

$7.1B

vol

39 deals

Broker
CBRE
CBREBrokerage
Robert Moser

Robert Moser

Prime Group Holdings

Buyer

$813.9M

vol

9 deals

Buyer
Empire Capital Holdings
Empire Capital HoldingsBuyer

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

0.40%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93