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Martin Nussbaum Of Slate Property Group Acquires Multifamily Asset At 45 White Street For $32M

Property Image
SOLD
$32,000,000
Martin Nussbaum
Udi Kore
+ 1

New York

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MultiFamily
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Property Image
SOLD

Martin Nussbaum Of Slate Property Group Acquires Multifamily Asset At 45 White Street For $32M

45 White Street

See Similar Deals
MultiFamily
Sold
Martin Nussbaum
Udi Kore
+ 1
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Sale

The asset involved in this transaction is a multifamily property located at 45 White Street, situated in the Tribeca neighborhood of Manhattan. The property consists of 16 units and was sold for $32,000,000, resulting in a price per unit of $2,000,000.

Summary of transaction details:

This transaction was facilitated by Martin Nussbaum, who represented both Slate Property Group and Avenue Realty Capital as the buyer, while Guthrie Garvin represented the seller, Benchmark Real Estate Group, through JLL. The collaboration among the involved parties reflects a strategic investment in the Tribeca market.

Players

Guthrie Garvin
41 deals$910.9M volume
BROKER

Udi Kore
5 deals$194.8M volume
BROKER

Brian Vetter
Slate Property Group
1 deal$32M volume
BROKER

Martin Nussbaum
Slate Property Group
25 deals$1.8B volume
BUYER

BUYER

Details

SOLD
IMAGE: Brian Vetter, Martin Nussbaum, Udi Kore & Guthrie Garvin DATE: 03/13/2026 ADDRESS: 45 White Street MARKET: Tribeca, Manhattan ASSET TYPE: Multifamily BUYER: Martin Nussbaum - Slate Property Group & Avenue Realty Capital SELLER: Benchmark Real Estate Group BUYER'S REP: Udi Kore & Brian Vetter - Slate Property Group SELLER'S REP: Guthrie Garvin (@GuthrieGarvin) - JLL (@JLL) SALE PRICE: $32,000,000 UNITS: 16 ~ PPU: $2,000,000 NOTE: Slate Property Group and Avenue Realty Capital acquired the 16-unit property at 45 White Street in New York City’s Tribeca for $32 million from Benchmark Real Estate Group

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Operating Expenses (Annual)
Net Operating Income (NOI)

$1,706,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$113,689.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$151,696.33
Annual Debt Service$1,820,355.91