Tremada Properties & William Pears Group Acquires 47 Condos In Kips Bay For $19.35M

The property involved in this closed transaction is a collection of 47 condos located at 343 East 30th Street in the Kips Bay market. The condos are situated on a property with zoning designations of R8 and C2-5. The sale of these condos was facilitated by Tremada Properties & William Pears Group as the buyers and Heller Realty as the sellers. The total sale price for the transaction was $19,350,000, with each condo having an average size of 1,017 square feet. The price per square foot for these condos was $404, resulting in an average unit price of $411,000. It is worth noting that all 47 condos are rent regulated.

Summary of transation details

• Property Type: Condos
• Transaction Amount: $19,350,000
• Address: 343 East 30th Street
• Market: Kips Bay
• Asset Type: Condos
• Zoning: R8, C2-5

Trevor Pears and Mark Pears were involved in the transaction, representing the buyers, Tremada Properties & William Pears Group, and playing a crucial role in the successful acquisition of the 47 condos. Their expertise and negotiation skills contributed to finalizing the deal with Heller Realty as the sellers. The transaction signifies the collaborative efforts between these individuals and companies to create a valuable real estate opportunity in the Kips Bay market.