Debra Kalimian Acquires Commercial Property In Kips Bay, Manhattan For $43M

The commercial property located at 340 East 29th Street in Kips Bay, Manhattan has been sold. The transaction took place on April 29, 2022, with a sale price of $43,012,500. The property has a total square footage of 110,169, and the purchase price per square foot is $390. The building has a total floor area ratio (FAR) of 7.21, and the zoning designation is R8. The property is classified as tax class 2. The lot size is 15,280 square feet, with dimensions of 100 feet by 197.5 feet. An alteration permit was issued on December 10, 2019.

Summary of transaction details

• Property Type: Commercial
• Transaction Amount: $43,012,500
• Market: Kips Bay, Manhattan
• Buyer: Debra Kalimian
• Seller: Rita Kalimian Sakhaie
• Building Square Footage (BSF): 91,986
• Price per Building Square Foot (PPBSF): $
• Price per Square Foot (PPSF): $390

The buyer of the property is Debra Kalimian, and the seller is Rita Kalimian Sakhaie.