David Hazout Acquires Multifamily Property From Steven Gautier-Winther In Chelsea For $16.625M
205 8th Avenue
$16,625,000
$1,539/SF
Building Size
10,800 SF
Asset Type
MultiFamily
Closing
Oct 30, 2025
AI
A multifamily property at 205 8th Avenue in Chelsea, Manhattan, has been sold. The transaction took place at a sale price of $16.625 million, translating to approximately $1,539 per square foot. The total square footage of the property is 10,800, reflecting its significant market value in the area.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $16,625,000
- Sale Price per Square Foot: $1,539
- Address: 205 8th Avenue
- Market: Chelsea, Manhattan
- Buyer: David Hazout
- Seller: Steven Gautier-Winther - Willowick Properties
The deal involved buyer David Hazout acquiring the property from seller Steven Gautier-Winther, who represents Willowick Properties. This transaction highlights the ongoing activity in the multifamily market sector within Manhattan.
New York 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
0.95%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93