Adam Rubin, Abraham Khalili, Husain Jafferjee & Jeremy Aidan Acquire Office Building On Canal Street For $36M

The property involved in this transaction is an office asset located at 261-267 Canal Street in the SoHo market of Manhattan. The sale was finalized for $36,000,000, with a total square footage of 103,047, resulting in a price per square foot of $349.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $36,000,000
• Address: 261-267 Canal Street
• Market: SoHo, Manhattan
• Square Footage: 103,047
• Price per Square Foot: $349
• Buyer: Adam Rubin, Abraham Khalili, Husain Jafferjee & Jeremy Aidan
• Seller: Philip Chong - 267 Canal St Corp

The deal marks a notable mid-market office trade in the SoHo submarket, reflecting an ongoing investor interest in Manhattan commercial properties priced below $350 per square foot. The buyers, Adam Rubin, Abraham Khalili, Husain Jafferjee, and Jeremy Aidan, added this century-old asset on Canal Street to their investment portfolio through the transaction with seller Philip Chong.