David Hazout pays $16.6M to Willowick Properties for adjacent walkups in Chelsea

David Hazout through the entity BCC 205-207 Eighth Ave, LLC paid $16.6 million to Willowick Properties through the entity 205 Eighth Ave LLC for the 12-unit residential walkup building (C4) at 207 8th Avenue in Chelsea, Manhattan and 10-unit residential walkup building (C4) at 205 8th Avenue in Chelsea, Manhattan.
The deal closed on October 30, 2025 and was recorded on November 7, 2025. The two properties have 21,600 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $769 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for David Hazout was David Hazout. The signatory for Willowick Properties was Steven Gautier Winther. The contract date was September 2, 2025.

Prior sales and revenue

The former owners according to the Department of Housing Preservation and Development includes Steven Gautier, head officer and Cristian Gonzalez, site manager. The business entity is 205 Eighth Ave Llc. The two properties with a total of 21,600 square feet of built space generated revenue of $1.2 million per year or $54 per square foot. The sale price per square foot was $770.

The property

The first parcel has frontage of 25 feet and is 100 feet deep with a total lot size of 2,500 square feet. The zoning is C1-6A which allows for up to 2 times floor area ratio (FAR) for commercial and up to 4 times FAR for residential with inclusionary housing. The city-designated market value for the property in 2022 is $3.3 million.
The second parcel has frontage of 25 feet and is 100 feet deep with a total lot size of 2,500 square feet. The zoning is C1-6A which allows for up to 2 times floor area ratio (FAR) for commercial and up to 4 times FAR for residential with inclusionary housing. The city-designated market value for the property in 2022 is $3.1 million. The property has 5 rent regulated units according to city tax records from 2022.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the properties for the past 24 months. In addition, according to city public data, the properties have received $200 in OATH penalties in the last year.

Development

For the tax lot buildings, one out of the two buildings received a initial certificate of occupancy in the last ten years. There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The block

On the tax block of 207 8th Avenue, PincusCo has identified the owners of 12 of the 23 commercial properties representing 169,997 square feet of the 242,692 square feet. The largest owner is Nyc Department Of Education, followed by Slate Property Group and then David Turner.
There are no active new building construction projects on this tax block.

The majority, or 50 percent of the 242,692 square feet of built space are walkup buildings, with specialty buildings next occupying 37 percent of the space.

Direct link to Acris document. link