Aurora Capital Acquires Mixed-use Property From The Leser Group For $55.7 Million In Kips Bay

‍

‍

Read the Full Article on Traded - Click Here

‍

BKREA has completed the $55.7 million sale of 609 Second Avenue, a mixed-use condominium property located in Manhattan’s Kips Bay neighborhood. The transaction involved Aurora Capital as the buyer and The Leser Group as the seller, with BKREA brokers Nick Tuleu and Jas Saini facilitating the deal.

The property encompasses approximately 74,528 square feet, offering a substantial mixed-use asset in a centrally located Manhattan neighborhood. The transaction highlights continued investor interest in New York City real estate and BKREA’s expertise in executing complex investment sales transactions.

Key Takeaways from the 609 Second Avenue Transaction

• $55.7 Million Mixed-Use Property Sale

The transaction closed on October 2, 2026, demonstrating continued investment activity in Manhattan’s mixed-use real estate market.

• Prime Kips Bay Location

Located at 609 Second Avenue, the property benefits from its position in Kips Bay, a Manhattan neighborhood with access to residential, commercial, medical, and educational institutions.

• Approximately 74,528 Square Feet

The transaction involved a substantial mixed-use asset, providing scale and investment potential in an established Manhattan market.

• Experienced Investors on Both Sides

Aurora Capital acquired the property from The Leser Group, bringing together established participants in New York City commercial real estate.

• BKREA Brokers Facilitate the Transaction

Nick Tuleu and Jas Saini of BKREA represented the transaction, demonstrating the firm's capabilities in investment sales and mixed-use property transactions.

• Continued Activity in Manhattan Investment Sales

The closing reflects ongoing investor engagement in New York City real estate and the importance of identifying opportunities that align with buyers’ investment objectives.

Why This Transaction Matters

The sale of 609 Second Avenue underscores the continued appeal of Manhattan mixed-use assets to institutional and private real estate investors. Successful transactions require market knowledge, buyer relationships, valuation expertise, and coordinated execution.

BKREA’s role in facilitating this $55.7 million transaction reinforces the firm's commitment to strategic seller representation and investment sales advisory across New York City.

Transaction Highlights

• Property: 609 Second Avenue
• Neighborhood: Kips Bay, Manhattan, New York
• Sale Price: $55,700,000
• Building Size: Approximately 74,528 SF
• Asset Type: Mixed-use condominium property
• Buyer: Aurora Capital
• Seller: The Leser Group
• BKREA Brokers: Nick Tuleu and Jas Saini
• Closing Date: October 2, 2026

Frequently Asked Questions

What was the sale price of 609 Second Avenue?

The property sold for $55.7 million.

Where is 609 Second Avenue located?

The property is located in Manhattan’s Kips Bay neighborhood in New York City.

Who purchased the property?

Aurora Capital acquired the property from The Leser Group.

Who brokered the transaction?

BKREA brokers Nick Tuleu and Jas Saini facilitated the transaction.

How large is the property?

The reported building size is approximately 74,528 square feet.

When did the transaction close?

The sale closed on October 2, 2026.

What does this transaction demonstrate about BKREA?

The transaction highlights BKREA’s investment sales capabilities, market expertise, and ability to facilitate significant commercial real estate transactions in Manhattan.

‍