Albert Hazout And David Hazout Acquire Multifamily Property At 141 2nd Avenue For $15.5M

The property involved in this transaction is a multifamily asset located at 141 2nd Avenue in the East Village, Manhattan. The sale price for the property was $15,500,000, which translates to a per unit price of $775,000. The building contains 20 units and has a total square footage of 17,200, resulting in a price per square foot of $901.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $15,500,000
• Units: 20
• Price Per Unit: $775,000
• Square Footage: 17,200
• Price Per Square Foot: $901
• Buyer: Albert Hazout & David Hazout
• Seller: James D Ryan III - RYCO Capital
• Date of Transaction: 07/21/2025

Albert and David Hazout acquired the property from RYCO Capital, which was previously purchased by James D Ryan III for $15,000,000 less than a year prior to this transaction.