Updated Sep 2, 2026
SOLDMultiFamily
Elliot Sohayegh Acquires 20-Unit Multifamily At 50 Horatio Street Manhattan For $13.3M
50 Horatio Street
$13,300,000
$1,050/SF
Building Size
12,657 SF
Asset Type
MultiFamily
Closing
Aug 17, 2026
About this deal
AI
The property asset is a 20-unit residential walkup located at 50 Horatio Street in Manhattan’s West Village. The sale was conducted for a total of $13,300,000, amounting to $1,051 per square foot with a total square footage of 12,657. The property is categorized as a MultiFamily asset.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $13,300,000
- Address: 50 Horatio Street
- Market: West Village, Manhattan
- Square Footage: 12,657
- Price Per Square Foot: $1,051
- Units: 20
- Price Per Unit: $665,000
- Buyer: Elliot Sohayegh
- Seller: Robert Spitalnick - Birchwood Properties
Elliot Sohayegh acquired the property from Birchwood Properties, with Robert Spitalnick representing the seller in this transaction. The deal involved a total of 20 residential units within the multi-family building.
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
1.19%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93