Updated Feb 14, 2025
Benedetto Kahlun Of JGK Real Estate Holdings Purchases Multifamily Asset From Michael Daniel For $14M
280 282 Mulberry Street
$14,000,000
$806/SF
Building Size
17,358 SF
Asset Type
MultiFamily
Closing
Jan 28, 2025
About this deal
AI
The multifamily asset located at 280-282 Mulberry Street in the Nolita market was sold for $14,000,000. The property encompasses a total area of 17,358 square feet, resulting in a price per square foot of $806.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $14,000,000
- Address: 280-282 Mulberry Street
- Market: Nolita
- Buyer: Benedetto Kahlun - JGK Real Estate Holdings
- Seller: Michael Daniel
- Broker: Jonathan Schwartz - Meridian Capital Group
This transaction was represented by Jonathan Schwartz from Meridian Capital Group on behalf of the seller, Michael Daniel. The buyer, Benedetto Kahlun, can be contacted regarding deals at [email protected].
On the Map
$14,000,000
$806/SF
MultiFamily
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New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93