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David Khaloyan, Ali Tabrizi & Benjamin Esshaghian Purchase 119-121 Elizabeth St Mixed-Use Property

Property Image
SOLD
$6,700,000

New York

See Similar Deals
Mixed-use18,950 SF
Sold 06/07/2024
the dealdetailscomps
Property Image
SOLD

David Khaloyan, Ali Tabrizi & Benjamin Esshaghian Purchase 119-121 Elizabeth St Mixed-Use Property

119-121 Elizabeth Street

See Similar Deals
Mixed-use18,950 SF
Sold 06/07/2024
the dealdetailscomps

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$353
Total Square Footage:18,950 SF
Transaction Type:Sale

Located at 119-121 Elizabeth Street in Manhattan, the mixed-use property consisting of 42 residential units and 2 commercial units was recently sold for $6,700,000. With a total square footage of 18,950, the price per unit stands at $152,272, and the price per square foot at $354.

Summary of transation details:

  • Property Type: Mixed-use
  • Transaction Amount: $6,700,000
  • Units: 44
  • Price Per Unit: $152,272
  • Square Footage: 18,950
  • Market: Manhattan
  • Buyer: David Khaloyan, Ali Tabrizi & Benjamin Esshaghian - EKT Equities
  • Seller: Patricia Eng

The purchase of 119 Elizabeth Street involved an all-cash transaction that was completed in under 60 days. At the time of closing, 26 units out of the total 44 were vacant. EKT Equities, represented by David Khaloyan, Ali Tabrizi, and Benjamin Esshaghian, is actively seeking multi-family and mixed-use investment opportunities in both the Manhattan and Brooklyn markets.

Details

SOLD
IMAGE: Benjamin Esshaghian, Ali Tabrizi & David Khaloyan DATE: 06/07/2024 ADDRESS: 119-121 Elizabeth Street MARKET: Manhattan ASSET TYPE: Mixed-use (42 Residential & 2 Commercial Units) BUYER: David Khaloyan (@Khal_oyan), Ali Tabrizi (@AliTabrizi) & Benjamin Esshaghian (@BenjiEsshaghian) - EKT Equities (@EKTEquities) SELLER: Patricia Eng SALE PRICE: $6,700,000 UNITS: 44 ~ PPU: $152,272 SF: 18,950 ~ PPSF: $354 NOTE FROM BUYER: 119 Elizabeth Street was purchased in under 60 days in an all-cash transaction, with 26 of the 44 units delivered vacant at closing. EKT Equities is actively pursuing multi-family and mixed-use opportunities in the Manhattan and Brooklyn markets.

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