Ran Sahar Of BLOX Acquires Multifamily Property In Two Bridges Manhattan For $5.9M
51 Monroe Street
$5,900,000
$306/SF
Building Size
19,260 SF
Asset Type
MultiFamily
Closing
Sep 3, 2025
AI
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
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
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93