KSR Capital And A&H Acquisitions Purchase Retail Asset From Steven Braun For $18.3M
611 Sixth Avenue
$18,300,000
$653/SF
Building Size
28,000 SF
Asset Type
Retail
Closing
Aug 25, 2026
About this deal
AI
The asset involved in this closed transaction is a retail property located at 611 Sixth Avenue in the Chelsea market. The sale price for this transaction was $18,300,000. The property has a total square footage of 28,000, resulting in a price per square foot of $653.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $18,300,000
- Address: 611 Sixth Avenue
- Market: Chelsea
- Square Footage: 28,000
- Price Per Square Foot: $653
- Buyer: KSR Capital - Morris Sabbagh & Abraham Kassin; A&H Acquisitions - Robert Adjmi
- Seller: Steven Braun
- Broker: Hall Oster - JLL
The transaction involved key individuals representing multiple entities. KSR Capital was represented by Morris Sabbagh and Abraham Kassin, while A&H Acquisitions was represented by Robert Adjmi. Hall Oster of JLL acted as the broker for the seller, Steven Braun, in this transaction.
On the Map
$18,300,000
$653/SF
Retail
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Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.87%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93