Tribeca rental building sells for $37M

DAX purchased 186 Franklin Street from Brian Breyre
By Eddie Small | May 30, 2019 02:30PM

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.