Or Trebelsi Acquires Mixed-Use Asset From Igor Vaysberg For $5.5M In Manhattan

The property asset involved in this transaction is a mixed-use building located at 510 Ninth Avenue in Manhattan. The asset comprises 23 residential units and 2 stores, totaling 11,900 square feet. The sale price for this property was $5,500,026, resulting in a price per unit of $220,001 and a price per square foot of $462.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $5,500,026
• Address: 510 Ninth Avenue
• Market: Manhattan
• Units: 25
• Square Footage: 11,900
• Price Per Unit: $220,001
• Price Per Square Foot: $462
• Buyer: ‏אור טרבלסי (Or Trebelsi)
• Seller: Igor Vaysberg - Hirshmark Capital
• Brokers: Joshua Malekan & Roy Oskar - Bridge Advisory Group

This transaction involved key individuals such as the buyer, Or Trebelsi, and the seller, Igor Vaysberg, representing Hirshmark Capital. The brokerage team of Joshua Malekan and Roy Oskar facilitated the sale, delivering a 100% vacant property. The deal presented various challenges, including the asset being significantly distressed and lacking a Certificate of Non-Habitability (CONH), which emphasized the brokers' experience and capability in managing complex situations.