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940 Columbus Avenue

Josh Einhorn Of ARJE Capital Acquires Mixed-Use Property At 940 Columbus Avenue For $7.6M
SOLDMixed-use

Josh Einhorn Of ARJE Capital Acquires Mixed-Use Property At 940 Columbus Avenue For $7.6M

940 Columbus Avenue

$7,600,000

$685/SF

Building Size

11,093 SF

Asset Type

Mixed-use

Closing

Feb 4, 2025

AI

The property involved in this transaction is a mixed-use asset located at 940 Columbus Avenue in the Manhattan Valley market. The sale price was $7,600,000, encompassing 11,093 square feet, resulting in a price per square foot of $685.

Summary of transaction details:

This transaction highlights the roles of the individuals and companies involved, where Robert Shapiro, Ian Brooks, and Nicholas Kontos acted as the sole investment sales brokers. Judah Hammer, Shamir Seidman, and Jeff Feldman were responsible for representing the purchaser in securing acquisition financing. The collaborative effort demonstrates the capabilities of the CBRE platform in facilitating complex real estate transactions.

Players

Ian Brooks

CBRE

Broker

$431.6M

vol

50 deals

Broker

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

2.09%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93