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:
- Property Type: Multifamily
- Transaction Amount: $9,750,000
- Units: 26
- Square Feet: 14,217
- Price Per Unit: $375,000
- Price Per Square Foot: $685
- Buyer: Danny Hakakian
- Seller: Gould Investors
- Broker Representatives: Brett Siegel, Eric Roth, Maurice Suede, Tyler Signora & Mike Kavanagh - Newmark
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
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