Ed Ostad, Michael Ostad & Ivan Hakimian Of HPNY Acquire Mixed-use Property In Manhattan For $18M

The property asset located at 159 & 161 Prince St in Manhattan consists of a mixed-use development featuring 2 stores and 38 apartments. The sale was executed for a total amount of $18,000,000, with a price per unit of $450,000. The total square footage of the asset is 19,318, leading to a price per square foot of $932.

Summary of transaction details:

• Property Type: Mixed-use (2 Stores & 38 Apartments)
• Transaction Amount: $18,000,000
• Buyer: Ed Ostad, Michael Ostad & Ivan Hakimian - HPNY
• Seller: Status Capital
• Units: 40
• Price Per Unit: $450,000
• Total Square Footage: 19,318
• Price Per Square Foot: $932

The deal involved key individuals including Ed Ostad, Michael Ostad, and Ivan Hakimian representing the buying side through HPNY. The seller of the property was Status Capital, which completes the representation structure in this transaction.