Updated Oct 15, 2026
Robert Kaliner of RoundSquare Builders acquired 56 & 58 W. 12 Street for $16,000,000
56 West 12th Street
$8,000,000
$1,918/SF
Building Size
4,169 SF
Asset Type
MultiFamily
Closing
Sep 9, 2026
About this deal
AI
A multifamily building located at 56-58 West 12th Street in Greenwich Village, Manhattan was sold for $16 million. The property spans 4,169 square feet, resulting in a price per square foot of $1,919. The transaction occurred in a prominent residential market.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $16,000,000
- Sale Date: 09/09/2026
- Buyer: Robert Kaliner
- Seller: Tracey Hecht Smilow
Robert Kaliner purchased the property from Tracey Hecht Smilow in a deal that highlights key players in the Manhattan real estate market. This transaction underscores the ongoing activity in multifamily residential properties within this desirable neighborhood.
On the Map
$8,000,000
$1,918/SF
MultiFamily
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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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93