Danny Hakakian Acquires Mixed-Use Property At 312 Bowery Manhattan For $16.65M
312 Bowery
$16,650,000
$740/SF
Building Size
22,479 SF
Asset Type
Mixed-use
Closing
Jul 8, 2026
About this deal
AI
The property asset involved in the transaction is a mixed-use building located at 312 Bowery in Manhattan. It comprises 22 residential units and 1 commercial unit, spanning a total square footage of 22,479. The sale was completed for a price of $16,650,000, resulting in a price per unit of $723,913 and a price per square foot of $740.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $16,650,000
- Address: 312 Bowery
- Market: Manhattan
- Units: 23
- Price Per Unit: $723,913
- Square Footage: 22,479
- Price Per Square Foot: $740
- Buyer: Danny Hakakian
- Seller: Bremen House
- Broker Representatives: John J. Stewart & Dylan Torey - Marcus & Millichap
Key individuals involved in the deal include Danny Hakakian as the buyer and Bremen House as the seller. The transaction was facilitated by broker representatives John J. Stewart and Dylan Torey from Marcus & Millichap, who played a crucial role in bringing both parties together for this transaction.
On the Map
$16,650,000
$740/SF
Mixed-use
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Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.95%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93