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David Hazout Acquires Multifamily Property From Steven Gautier-Winther In Chelsea For $16.625M
SOLD
$16,625,000
New York
See Similar DealsMultiFamily10,800 SF
Sold 10/30/2025
SOLD
David Hazout Acquires Multifamily Property From Steven Gautier-Winther In Chelsea For $16.625M
205 8th Avenue
See Similar DealsMultiFamily10,800 SF
Sold 10/30/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,539
Total Square Footage:10,800 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$886,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$59,065.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$78,810.98
Annual Debt Service$945,731.78
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