Ran Sahar Of BLOX Acquires Multifamily Property In Two Bridges Manhattan For $5.9M
SOLD
$5,900,000
New York
See Similar DealsMultiFamily19,260 SF
Sold 09/04/2025
SOLD
Ran Sahar Of BLOX Acquires Multifamily Property In Two Bridges Manhattan For $5.9M
51 Monroe Street
See Similar DealsMultiFamily19,260 SF
Sold 09/04/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$306
Total Square Footage:19,260 SF
Transaction Type:Sale
The asset involved in this transaction is a multifamily property located at 51-53 Monroe Street in the Two Bridges market of Manhattan. The sale price for this property was $5,900,000. It comprises a total square footage of 19,260, which translates to a price per square foot of $306.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,900,000
- Address: 51-53 Monroe Street
- Market: Two Bridges, Manhattan
- Square Footage: 19,260
- Price Per Square Foot: $306
- Buyer: Ran Sahar - BLOX
- Seller: BH3 Management
- Brokers: David Schechtman & Henry Barnathan - Meridian Capital Group
Key individuals involved in the transaction include buyer Ran Sahar representing BLOX and the seller BH3 Management. The deal was facilitated by brokers David Schechtman and Henry Barnathan from Meridian Capital Group.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$314,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,961.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,969.01
Annual Debt Service$335,628.12
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