JGK Real Estate Sells SoHo Residential Building for $23M

February 24, 2026 - 00:00

A notable residential building in the heart of SoHo has been acquired in a major transaction. The property located at 280 Mulberry Street has been sold for $23 million by Ben Benedetto Kahlun's investment firm, JGK Real Estate Holdings.

The buyer has been identified as a corporation operating under the name JP Real Estate Group Limited. The six-story building, situated on a prime corner lot at the intersection of Mulberry and Houston Streets, contributes to the vibrant and historic character of the neighborhood. This area is renowned for its cast-iron architecture, upscale retail, and highly desirable residential offerings.

The sale underscores the continued strength and investor confidence in Manhattan's premier residential markets, particularly within iconic neighborhoods like SoHo. Such transactions highlight the sustained demand for well-located assets in New York City, even amidst broader economic fluctuations. The change in ownership marks a significant shift for the property, which has been part of JGK Real Estate's portfolio. Details regarding the new owner's specific plans for the building, whether for continued residential use or potential repositioning, have not been publicly disclosed at this time.