David Habif Of The Habif Group Acquires Multifamily Asset At 10 Saint Marks Place For $7.5M
10 Saint Marks Place
$7,500,000
$691/SF
Building Size
10,840 SF
Asset Type
MultiFamily
Closing
Jun 17, 2026
AI
The property asset involved in the transaction is a multifamily building located at 10 Saint Marks Place in the East Village market. The sale price for this asset was $7,500,000, comprising 20 units in total. The building has a total square footage of 10,840, resulting in a price per unit of $375,000 and a price per square foot of $691.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,500,000
- Units: 20
- Square Footage: 10,840
- Price Per Unit: $375,000
- Price Per Square Foot: $691
- Buyer: David Habif - The Habif Group
- Seller: Robert Spatz & Charles Spatz
- Date of Sale: 6/18/2026
The transaction featured David Habif as the buyer, representing The Habif Group, while the sellers were Robert Spatz and Charles Spatz. The sale is indicative of the active multifamily market within the East Village area, and the transaction showcases the ongoing demand for residential units in this location.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93