Ivan Hakimian Of HPNY Purchases Multifamily Property From Estate Of Ester Baumrind For $4M

The property asset involved in this transaction is located at 327 East 10th Street in the East Village, Manhattan. This multifamily asset encompasses 7,000 square feet and includes a total of 10 units. The sale price of the property was $4,000,000, resulting in a price per unit of $400,000 and a price per square foot of $571.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,000,000
• Units: 10
• Square Footage: 7,000
• Price Per Unit: $400,000
• Price Per Square Foot: $571
• Buyer: Ivan Hakimian - HPNY
• Seller: Estate of Ester Baumrind
• Sale Date: 8/11/2025

In this transaction, Ivan Hakimian represented HPNY as the buyer, while the seller was represented by the Estate of Ester Baumrind. The closing of this deal is noted as a significant multifamily transaction in the East Village market.