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

Property Image
SOLD
$9,750,000
Brett Siegel
Mike Kavanagh
+ 2

New York

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MultiFamily14,217 SF
Sold 01/30/2025
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Property Image
SOLD

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

28 West 26th Street

See Similar Deals
MultiFamily14,217 SF
Sold 01/30/2025
Brett Siegel
Mike Kavanagh
+ 2
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$685
Total Square Footage:14,217 SF
Transaction Type:Sale

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
75 deals$6.4B volume(212) 372-0798
BROKER

Maurice Suede
Newmark
57 deals$929.6M volume(212) 589-5131
BROKER

Mike Kavanagh
Newmark
30 deals$301M volume(212) 660-7765
BROKER

Eric Roth
Newmark
61 deals$1.5B volume(212) 655-0625
BROKER

Tyler Signora
Newmark
37 deals$852.2M volume(212) 372-0759
BROKER

Details

SOLD
IMAGE: Brett Siegel, Eric Roth, Maurice Suede, Tyler Signora & Mike Kavanagh DATE: 01/30/2025 ADDRESS: 28 West 26th Street MARKET: NoMad ASSET TYPE: Multifamily BUYER: Danny Hakakian SELLER: Gould Investors BROKERS: Brett Siegel (@BSieges), Eric Roth (@EricMRoth), Maurice Suede, Tyler Signora (@Tyler_Signora) & Mike Kavanagh - Newmark (@Newmark) SALE PRICE: $9,750,000 UNITS: 26 ~ PPU: $375,000 SF: 14,217 ~ PPSF: $685

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$520,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$34,639.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$46,219.97
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