Updated Dec 2, 2025
Danny Hakakian Acquires East Village Multifamily At 113-117 East 11th Street For $14.275M
113 117 East 11th Street
$14,275,000
$802/SF
Building Size
17,780 SF
Asset Type
MultiFamily
Closing
Nov 18, 2025
About this deal
AI
The multifamily asset located at 113-117 East 11th Street in the East Village, Manhattan, has been transacted for a total price of $14,275,000. The property encompasses a total of 17,780 square feet, resulting in a price per square foot of $802.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $14,275,000
- Address: 113-117 East 11th Street
- Market: East Village, Manhattan
- Square Footage: 17,780
- Price per Square Foot: $802
- Buyer: Danny Hakakian
- Brokers: Brandon Polakoff & Ryan McGuirl - Avison Young
Brandon Polakoff and Ryan McGuirl from Avison Young represented the buyer, Danny Hakakian, in this transaction. Their expertise played a crucial role in facilitating the deal in the competitive East Village market.
On the Map
$14,275,000
$802/SF
MultiFamily
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Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.11%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93