SOLDMixed-use
Aurora Capital Acquires Mixed-use Property From The Leser Group For $55.7 Million In Kips Bay
609 2nd Avenue
$55,700,000
$747/SF
Building Size
74,528 SF
Asset Type
Mixed-use
Closing
Oct 2, 2026
About this deal
AI
The property asset involved in the transaction is a mixed-use building located at 609 2nd Avenue in the Kips Bay market. The sale price of the property was $55,700,000, encompassing a total square footage of 43,858, with a price per square foot of $1,270.
Summary of transaction details:
- Property Type: Mixed-use (Bulk Condo Sale)
- Transaction Amount: $55,700,000
- Address: 609 2nd Avenue
- Market: Kips Bay
- Square Footage: 43,858
- Price per Square Foot: $1,270
- Buyer: Aurora Capital - Bobby Cayre
- Seller: The Leser Group - Abe Leser
- Brokers: Nick Tuleu & Jas Saini - BKREA
Key individuals involved in the deal include Bobby Cayre, representing the buyer Aurora Capital, and Abe Leser, representing the seller The Leser Group. The brokers facilitating the transaction were Nick Tuleu and Jas Saini from BKREA.
On the Map
$55,700,000
$747/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
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93