Updated Sep 11, 2026
Vibe Flats & Affiliate Of JDL & Sons Acquires 28-Unit Residential Building In Kips Bay, Manhattan, For $12M
240 East 28th Street
Units
28
Asset Type
—
Closing
May 1, 2023
About this deal
AI
A 28-unit residential walkup building in Kips Bay, Manhattan has been sold for $12 million. The property, located at 240 East 28th Street, spans over 17,569 square feet of built space.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $12,000,000
- Address: 240 East 28th Street
- Market: Kips Bay, Manhattan
Vibe Flats and affiliate JDL & Sons, represented by Darren Lachar, acquired the property from Salvatore Notaro's JGJ Realty Holdings, LLC.
Traded’s record for 240 East 28th Street in North Vancouver, British Columbia covers a commercial sale from 2023. Named participants on the 240 East 28th Street sale are Salvatore Notaro. This page is the North Vancouver, British Columbia file for the 240 East 28th Street commercial sold: pricing, party profiles, and other closed commercial comps from the same North Vancouver sit in the Market section below. Filter that North Vancouver commercial set by closing date to see what else sold near 240 East 28th Street around 2023. Cite this Vibe Flats & Affiliate Of JDL & Sons Acquires 28-Unit Residential Building In Kips Bay, Manhattan, For $12M sale when underwriting similar commercial product around North Vancouver, British Columbia.
On the Map
Players
North Vancouver CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Deal FAQ
Browse North Vancouver sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93