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Mehta Family Acquires Mixed-Use Asset In Manhattan For $14.05M From Orbach Group

943 & 973 Columbus Avenue
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This Mixed-use property located in NY was sold for $14,050,000 about 6 years ago. The brokers of the deal were Ben Khakshoor and Aaron Jungreis

Two mixed-use properties located at 943 and 973 Columbus Avenue in Manhattan, New York, have been sold in a recent transaction. The properties were sold for a total price of $14,050,000 and encompass a combined total square footage of 18,123 sqft. The price per square foot was approximately $780, and the deal was closed on 02/28/18. The seller of the properties was the Orbach Group, represented by Meyer Orbach, while the buyer was the Mehta Family. The transaction was facilitated by Rosewood Realty Group, with Ben Khakshoor and Aaron Jungreis serving as the brokers.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $14,050,000
  • Total Square Footage: 18,123 sqft
  • Price Per Square Foot: $780
  • Deal Date: 02/28/18
  • Seller: Orbach Group - Meyer Orbach
  • Buyer: Mehta Family
  • Broker: Rosewood Realty Group - Ben Khakshoor and Aaron Jungreis

The sale of these properties represents a significant transaction in the mixed-use real estate market within Manhattan. The involvement of the Orbach Group as the seller, the Mehta Family as the buyer, and the brokerage services provided by Rosewood Realty Group with Ben Khakshoor and Aaron Jungreis showcases the collaboration between key individuals and companies in this deal.

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Deals
  • Location
    943 Columbus Avenue, Manhattan, New York, NY, USA943 Columbus Avenue, Manhattan, New York, NY, USA
  • Sale Price
    $14,050,000$14,050,000
    $775 PPSF$775 PPSF
  • Area
    18,123 SF18,123 SF
  • Asset Type
    Mixed-useMixed-use
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Ben Khakshoor

Ben Khakshoor

Deals76
Sold$929.4M

Agency

Rosewood Realty Group

Rosewood Realty Group

Agency
Deals370
Volume$6.5B

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Deal Summary

SALE IMAGE: Ben Khakshoor, Aaron Jungreis and Meyer Orbach DATE: 02/28/18 ADDRESS: 943 and 973 Columbus Avenue CITY: New York MARKET: Manhattan ASSET TYPE: Mixed-Use SELLER: Orbach Group - Meyer Orbach BUYER: Mehta Family BROKER: @rosewoodrealtygroupny Rosewood Realty Group - Ben Khakshoor and Aaron Jungreis PRICE: $14,050,000 TOTAL SF: 18,123 ~ PPSF: 780 CAP RATE: 5.5 cap

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943 & 973 Columbus Avenue

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