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317 West 22nd Street

Danny Hakakian Acquires Multifamily Asset At 317-319 West 22nd Street For $9.1M
SOLDMultiFamily

Danny Hakakian Acquires Multifamily Asset At 317-319 West 22nd Street For $9.1M

317 West 22nd Street

$9,100,000

$709/SF

Building Size

12,820 SF

Asset Type

MultiFamily

Closing

Jul 24, 2026

AI

The asset involved in this transaction is a multifamily property located at 317-319 West 22nd Street in the Chelsea market of Manhattan. It was sold for a total of $9,100,000, encompassing a total square footage of 12,820 and resulting in a price per square foot of $709.

Summary of transaction details:

In this deal, the buyer, Danny Hakakian, made the purchase through a brokerage team comprising Noah Kossoff, Brandon Polakoff, and David Shalom from Avison Young, who represented the buyer during the transaction. This collaboration among the brokerage team facilitated the successful sale of the multifamily property.

Players

David Shalom

Avison Young

Broker

$563.1M

vol

38 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

1.74%

Cash-on-Cash

-0.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93