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:
- Property Type: Mixed-use
- Transaction Amount: $7,600,000
- Address: 940 Columbus Avenue
- Market: Manhattan Valley
- Square Footage: 11,093
- Price per Square Foot: $685
- Buyer: Josh Einhorn - ARJE Capital
- Seller: David Berely - Walter Samuels
- Broker Representatives: Robert Shapiro, Ian Brooks, Nicholas Kontos, Judah Hammer, Jeff Feldman, and Shamir Seidman - CBRE
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
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
2.09%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93