Yael Aflalo Acquires Mixed-Use Building At 65-67 Greene Street For $31.75M With Broker Representation
65 Greene Street
$31,750,000
$1,490/SF
Building Size
21,300 SF
Asset Type
Mixed-use
Closing
Dec 22, 2025
AI
The mixed-use property located at 65-67 Greene Street in the Soho market of Manhattan was sold for $31,750,000. The asset comprises 21,300 square feet, with a price per square foot of $1,490. The buildings are notable for their iconic cast-iron architecture, situated between Spring and Broome Streets.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $31,750,000
- Address: 65-67 Greene Street
- Market: Soho, Manhattan
- Square Footage: 21,300
- Price Per Square Foot: $1,490
- Buyer: Yael Aflalo
- Seller: George Makkos
- Buyer's Representative: Michael Yadgard & Kate Vannini - Compass
- Seller's Representatives: Henry Barnathan, David Schechtman & Abie Kassin - Meridian Capital Group
The transaction showcases the active engagement of Meridian Capital Group’s Investment Sales team, highlighting continued demand for real estate in a major fashion corridor of Manhattan. The deal reflects the presence of significant players in the transaction, with several representatives from Meridian Capital Group assisting the seller while Compass represented the buyer.
Players
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
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93