Updated Sep 22, 2026
Robert Kaliner Acquires Multifamily Building At 56 West 12th Street For $8 Million
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
Tracey Hecht Smilow sold a 4,169-square-foot multifamily building at 56 West 12th Street in Greenwich Village, Manhattan, to Robert Kaliner for $8 million. The prime residential deal closed on September 9, 2026, at $1,919 per square foot.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $8,000,000
- Address: 56 West 12th Street
- Market: Greenwich Village, Manhattan
- Square Footage: 4,169
- Price Per Square Foot: $1,919
- Buyer: Robert Kaliner
- Seller: Tracey Hecht Smilow
- Sale Date: 09/09/2026
Robert Kaliner was the buyer securing the multifamily asset from seller Tracey Hecht Smilow in this transaction. The deal was finalized in a competitive Manhattan market, highlighting the value of residential properties in the area.
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