Bahram Hakakian paid $12M to GRANITE INTERNATIONAL MANAGEMENT

Bahram Hakakian through the entity ALLIED XXVI LLC paid GRANITE INTERNATIONAL MANAGEMENT’s AVENUE A LLC $11.5 million for 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 32 residential units at 182 Avenue A in East Village. The deal closed on July 02, 2019 and was recorded on July 17, 2019. The parcel(s) have total development potential of 23,949 square feet.
The sale price per unit is $359,375..
The estimated cap rate is 2.8%
The last time the property sold was January 02, 2009, for $1,252,452.

Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel. There were 3 renovation/alteration projects (A2) applied for with a total estimated value of $76,700.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link