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28 West 26th Street

Danny Hakakian Acquires Multifamily Property At 28 West 26th Street For $9.75M From Gould Investors
SOLDMultiFamily

Danny Hakakian Acquires Multifamily Property At 28 West 26th Street For $9.75M From Gould Investors

28 West 26th Street

$9,750,000

$685/SF

Building Size

14,217 SF

Asset Type

MultiFamily

Closing

Jan 30, 2025

AI

The property involved in the transaction is a multifamily asset located at 28 West 26th Street in the NoMad market. The sale price was $9,750,000, with a total of 26 units. The building has a total square footage of 14,217, resulting in a price per unit of $375,000 and a price per square foot of $685.

Summary of transaction details:

The individuals involved in this transaction include Danny Hakakian as the buyer and Gould Investors as the seller, with representation provided by brokers from Newmark, namely Brett Siegel, Eric Roth, Maurice Suede, Tyler Signora, and Mike Kavanagh. Their collective expertise facilitated the successful completion of this real estate deal.

Players

Brett Siegel

Newmark

Broker

$6.4B

vol

79 deals

Broker

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

1.63%

Cash-on-Cash

-0.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93