SOLDMultiFamily
David Habif Of Habif Real Estate Acquires Multifamily Building In East Village For $7.5M
10 Saint Marks Place
$7,500,000
$691/SF
Building Size
10,840 SF
Asset Type
MultiFamily
Closing
Jun 18, 2026
AI
A multifamily property located at 10 Saint Marks Place in the East Village of Manhattan was sold for $7,500,000. The asset spans a total square footage of 10,840, resulting in a price per square foot of $692.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,500,000
- Address: 10 Saint Marks Place
- Market: East Village, Manhattan
- Square Footage: 10,840
- Price per Square Foot: $692
- Buyer: David Habif - Habif Real Estate
- Seller: Robert J. Spatz & Charles M. Spatz
Habif Real Estate acquired the property through 10 Smp LLC, intending to operate the 20-unit apartment building as a cash-flowing asset.
Sennett MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93