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182 Avenue A, New York, NY ...

Updated Oct 29, 2024

Dani Hakakian Acquires East Village Multifamily Property For $11.5M
SOLDMultiFamily

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.

Players

Robert Knakal

BKREA

Broker

$3.5B

vol

69 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.2K per square foot on a published $11.5M for 10,000 square feet (2019).

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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

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