Mehta Family Acquires Mixed-Use Asset In Manhattan For $14.05M From Orbach Group

Two mixed-use properties located at 943 and 973 Columbus Avenue in Manhattan, New York, have been sold in a recent transaction. The properties were sold for a total price of $14,050,000 and encompass a combined total square footage of 18,123 sqft. The price per square foot was approximately $780, and the deal was closed on 02/28/18. The seller of the properties was the Orbach Group, represented by Meyer Orbach, while the buyer was the Mehta Family. The transaction was facilitated by Rosewood Realty Group, with Ben Khakshoor and Aaron Jungreis serving as the brokers.

Summary of transaction details

• Property Type: Mixed-Use
• Transaction Amount: $14,050,000
• Total Square Footage: 18,123 sqft
• Price Per Square Foot: $780
• Deal Date: 02/28/18
• Seller: Orbach Group - Meyer Orbach
• Buyer: Mehta Family
• Broker: Rosewood Realty Group - Ben Khakshoor and Aaron Jungreis

The sale of these properties represents a significant transaction in the mixed-use real estate market within Manhattan. The involvement of the Orbach Group as the seller, the Mehta Family as the buyer, and the brokerage services provided by Rosewood Realty Group with Ben Khakshoor and Aaron Jungreis showcases the collaboration between key individuals and companies in this deal.