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

Property Image
SOLD
$14,050,000
Aaron Jungreis
Meyer Orbach
+ 1

New York

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Mixed-use18,123 SF
Sold 02/28/2018
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Property Image
SOLD

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

943 Columbus Avenue, Manhattan, New York, NY, USA

See Similar Deals
Mixed-use18,123 SF
Sold 02/28/2018
Aaron Jungreis
Meyer Orbach
+ 1
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$775
Total Square Footage:18,123 SF
Transaction Type:Sale

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

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.

Players

Aaron Jungreis
204 deals$4.3B volume(212) 359-9900
BROKER

Ben Khakshoor
Rosewood Realty Group
134 deals$1.9B volume(212) 359-9913
BROKER


Meyer Orbach
Orbach Group
31 deals$3.3B volume
SELLER

Details

SOLD
IMAGE: Ben Khakshoor, Aaron Jungreis and Meyer Orbach DATE: 02/28/18 ADDRESS: 943 and 973 Columbus Avenue CITY: New York MARKET: Manhattan ASSET TYPE: Mixed-Use SELLER: Orbach Group - Meyer Orbach BUYER: Mehta Family BROKER: @rosewoodrealtygroupny Rosewood Realty Group - Ben Khakshoor and Aaron Jungreis PRICE: $14,050,000 TOTAL SF: 18,123 ~ PPSF: 780 CAP RATE: 5.5 cap

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