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17 Bleecker Street

David Khaloyan Of Khaloyan Kapital Acquires Multifamily Asset At 17 Bleecker Street For $12M
SOLDMultiFamily

David Khaloyan Of Khaloyan Kapital Acquires Multifamily Asset At 17 Bleecker Street For $12M

17 Bleecker Street

$12,000,000

$702/SF

Building Size

17,080 SF

Asset Type

MultiFamily

Closing

Jul 1, 2025

AI

A multifamily property located at 17 Bleecker Street in NoHo, Manhattan, was recently sold for $12 million. This asset spans a total area of 17,080 square feet and consists of 11 units, translating to a price per square foot of $703.

Summary of transaction details:

The transaction was facilitated by David Khaloyan from Khaloyan Kapital, representing the buyer, while the sellers were guided by Josh Zegen and Brian Shatz from Madison Realty Capital, alongside Dror Rosenfeld. This acquisition marks a significant deal in the New York City real estate market.

Players

David Khaloyan

Buyer

$77.1M

vol

16 deals

Buyer
Madison Realty Capital
Madison Realty CapitalSeller

Josh Zegen

Madison Realty Capital

Seller

$6.1B

vol

48 deals

Seller

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

1.32%

Cash-on-Cash

-0.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93