Jacob Aini Of Aini Assets Acquires 70% Stake In Office Building At 447 Broadway For $10.5M

The transaction involves a 25,000 sq. ft. office building located at 447 Broadway in SoHo, Manhattan. Jacob Aini’s Aini Assets acquired a 70% stake in the property for a total of $10,500,000, while Eli and Isaac Chetrit were the sellers of this stake. The deal included $13.6 million in debt held by BH Capital FL LLC.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $10,500,000
• Buyer: Jacob Aini - Aini Assets
• Seller: Eli Chetrit & Isaac Chetrit
• Stake Percentage: 70%
• Address: 447 Broadway
• Market: SoHo, Manhattan
• Debt Amount: $13,600,000

This deal represents a significant transaction in the office market, highlighting the involvement of key players in the real estate industry. Jacob Aini's acquisition marks a strategic move for Aini Assets, while Eli and Isaac Chetrit continue to engage in property transactions, maintaining their influence in the real estate sector.