Updated Oct 29, 2024
Danny Hakakian Acquires West Village Multi Family For $15.9M
W 34th St & 8th Ave, New York, NY 10123, USA
$15,900,000
$117/SF
Building Size
134,900 SF
Asset Type
MultiFamily
Closing
Sep 27, 2018
About this deal
AI
A multi-family property located at 34 8th Avenue in West Village, New York has been sold in a closed transaction. The property was sold for a total price of $15,900,000, equating to a price per square foot of $1,178. The property spans a total of 13,490 square feet.
Summary of transaction details
- Property Type: Multi Family
- Transaction Amount: $15,900,000
- Price per Square Foot: $1,178
The seller of the property was Maruccia Inc, represented by Marianne Stankiewicz. The buyer was Danny Hakakian. The transaction was facilitated by broker David Shalom.
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
1.00%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93