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:
- Property Type: Multifamily
- Transaction Amount: $9,100,000
- Address: 317-319 West 22nd Street
- Market: Chelsea, Manhattan
- Square Footage: 12,820
- Price per Square Foot: $709
- Buyer: Danny Hakakian
- Brokers: Noah Kossoff, Brandon Polakoff & David Shalom - Avison Young
- Date of Transaction: 07/24/2026
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
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