Tribeca rental building sells for $37M

DAX purchased 186 Franklin Street from Brian Breyre

TRD New York /
May.May 30, 2019 02:30 PM
DAX Real Estate managing partners Daniel Hedaya and Maxwell Seibald with 186 Franklin Street

DAX Real Estate managing partners Daniel Hedaya and Maxwell Seibald with 186 Franklin Street

Daniel Hedaya’s DAX Real Estate has purchased a Tribeca rental building for about $37.4 million, according to sources familiar with the deal.

DAX bought the rental property at 186 Franklin Street from Brian Breyre, who has owned it since at least 1999, according to property records. The elevator building is 50 feet wide and stands six stories tall with one retail unit and six residential units, which DAX plans to keep as high-end rentals.

A four-bedroom unit listed for $20,000 last year, according to StreetEasy.

Joe Koicim, Noah Kossoff and Peter Von Der Ahe

Joe Koicim, Noah Kossoff and Peter Von Der Ahe

A Marcus & Millichap team of Joe Koicim, Noah Kossoff and Peter Von Der Ahe brokered the deal for both sides in an off-market transaction. The firm also recently brokered a deal to sell 6107-6125 Woodside Avenue in Queens to ABC Properties for $36.4 million.


Related Articles

arrow_forward_ios
28 Liberty Street (Wikipedia)

Manhattan’s office leasing sees busiest month since January

Manhattan’s office leasing sees busiest month since January
Maison Kayser (Photo via Tools of Men via Flickr)

Maison Kayser may bid New York adieu

Maison Kayser may bid New York adieu
Newmark’s Brian Waterman with 7 Hanover Square (Google Maps, Twitter)

Newmark nabs REBNY prize for deal with NYC Health + Hospitals

Newmark nabs REBNY prize for deal with NYC Health + Hospitals
The legislation from a City Council member introduced a bill to temporarily repeal the commercial rent tax for businesses during the Covid-19 state of emergency. (Getty, iStock)

Commercial rent tax cut introduced in City Council

Commercial rent tax cut introduced in City Council
Michael Rudder, James Nelson, 141 Wooster Street and 633 Third Avenue (Google Maps)

The Outlook: Industry experts break down Manhattan’s office condo market

The Outlook: Industry experts break down Manhattan’s office condo market
Peter Nicoletti and Colliers' David Amsterdam

Colliers taps JLL’s Peter Nicoletti to lead capital markets

Colliers taps JLL’s Peter Nicoletti to lead capital markets
City Council member Keith Powers (Getty)

Pol, biz groups: Suspend rent tax, extend outdoor dining

Pol, biz groups: Suspend rent tax, extend outdoor dining
Only 9 percent of workers had returned to Midtown and 8 percent to Downtown. (iStock)

Where is everybody? City workers still home

Where is everybody? City workers still home
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...