Avison Young sells multifamily at 20 East 22nd St. for $10.25 million

Manhattan, NY Avison Young has arranged the sale of a multifamily property at 20 East 22^nd St. for $10.25 million. The 10,512 s/f property is a 100% free market elevator property with 23 total units. The buyer, Danny Hakakian, president of Allied Realty Group, purchased the property, which is located between Park Ave. and Broadway to complete their 1031 Exchange.

Hakakian was represented by Noah Kossoff, associate director, and Brandon Polakoff, principal, who are part of Avison Young’s tri-state investment sales team based in the firm’s New York City office. The seller, a private buyer under 20 East 22^nd Street LLC, was represented by in-house counsel.

“Multifamily properties in prime locations, like the one at 20 East 22^nd St., are highly sought after by buyers, especially if they are completely free-market,” said Kossoff. “It’s always a privilege to work with motivated clients like Allied Realty Group, who plan to hold on to their investment for generations.”

Tags: Brokerage

Reprint

Previous Story Next Story

Horizon Kinetics relocates new headquarters to Tishman Speyer’s Rockefeller Center

Manhattan, NY According to Tishman Speyer investment boutique Horizon Kinetics Asset Management LLC will relocate its current New York office to 18,713 s/f on the 27^th floor of 1270 Avenue of the Americas at

JLL Capital Markets facilitates $30.75 million sale of 1 North Main St. to KABR Group

JLL facilitates $30.75m sale of 1 North Main St. to KABR

Hanna Commercial Real Estate brokers Agri-Plastics 64,000 s/f manufacturing facility lease at Uniland’s 2 Steelworkers Way

Hanna Comm'l. brokers Agri-Plastics 64,000 s/f lease at Uniland’s 2 Steelworkers Way

Delisle and Monahan of Island Associates lease 45,000 s/f to Giunta’s Meat Farms at Strathmore Commons

Island Associates leases 45,000 s/f to Giunta’s Meat Farms

Delisle and Monahan of Island Associates broker 1,110 s/f lease extension for Kings Insurance

Island Associates brokers 1,110 s/f lease extension for Kings Insurance

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Spotlight Content

Properly serving a lien law Section 59 Demand - by Bret McCabe

Columns and Thought Leadership

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account