Updated Oct 29, 2024
Dani Hakakian Acquires East Village Multifamily Property For $11.5M
182 Avenue A, New York, NY 10009
$11,500,000
$1,150/SF
Building Size
10,000 SF
Asset Type
MultiFamily
Closing
Jul 22, 2019
About this deal
AI
The multifamily property located at 182-184 Avenue A in the East Village was sold on July 23, 2019. The buyer, Dani "Bahram" Hakakian, acquired the property from Granite International Management, represented by Alistair Economakis. The transaction was facilitated by brokers Guthrie Garvin and Bob Knakal of JLL. The property spans 10,000 square feet and was sold for a total price of $11,500,000, resulting in a price per square foot of $1,150.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,500,000
- Date: July 23, 2019
- Address: 182-184 Avenue A
- Market: East Village
- Buyer: Dani "Bahram" Hakakian
- Seller: Granite International Management - Alistair Economakis
- Broker: Guthrie Garvin & Bob Knakal - JLL
- Square Feet: 10,000
- Price per Square Foot: $1,150
This transaction involved the participation of multiple key individuals and companies. Dani "Bahram" Hakakian acted as the buyer, while Granite International Management, represented by Alistair Economakis, served as the seller. Guthrie Garvin and Bob Knakal of JLL were the brokers who facilitated the deal. Together, they were able to successfully complete the sale of this multifamily property in the East Village.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93