Neelesh Kapoor And Mukesh Sarwal Of Reliance Industries Acquire Office Building In Tribeca For $17.4M
11 Hubert Street
$17,400,000
$1,702/SF
Building Size
10,218 SF
Asset Type
Office
Closing
Aug 19, 2025
About this deal
AI
A mixed-use building located at 11 Hubert Street in the TriBeCa neighborhood of Manhattan was involved in a sale transaction. The asset, which has a square footage of 10,218, was sold for a price of $17,400,000, equating to a price per square foot of $1,703.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $17,400,000
- Buyer: Neelesh Kapoor & Mukesh Sarwal - Reliance Industries
- Seller: Robert J. Pera
- Date of Transaction: 08/19/2025
- Market: TriBeCa, Manhattan
Neelesh Kapoor and Mukesh Sarwal represented Reliance Industries in the transaction, purchasing the property from Robert J. Pera, who is affiliated with the tech industry. The sale highlights the ongoing interest in commercial real estate investments within the TriBeCa area.
On the Map
$17,400,000
$1,702/SF
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93