Jackson Group And KSR Capital Acquire Office Asset From ASB Real Estate Investments For $41.5M
625 Broadway
$41,500,000
$415/SF
Building Size
100,000 SF
Asset Type
Office
Closing
Sep 16, 2025
About this deal
AI
The property asset involved in this transaction is an office space located at 625 Broadway in Soho, Manhattan. The sale was executed for a price of $41,500,000, covering a total square footage of 100,000, resulting in a price per square foot of $415.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $41,500,000
- Address: 625 Broadway
- Market: Soho, Manhattan
- Square Footage: 100,000
- Price per Square Foot: $415
- Buyer: Jackson Group - Ike Chehebar, Elliott Chehebar & Gabriel Chehebar; KSR Capital - Morris Sabbagh & Abraham Kassin
- Seller: ASB Real Estate Investments
- Broker: Ross Mezzo - Global Advisory
The transaction involved key individuals and companies, with the buyers represented by Ike Chehebar, Elliott Chehebar, and Gabriel Chehebar from Jackson Group, along with Morris Sabbagh and Abraham Kassin from KSR Capital. The seller was represented by ASB Real Estate Investments, and the brokerage services were provided by Ross Mezzo of Global Advisory.
On the Map
$41,500,000
$415/SF
Office
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Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93