Kings Capital Sells Mixed-Use Property At 109 East 29th Street For $7.615M With Avison Young
109 East 29th Street
$7,615,000
$1,322/SF
Building Size
5,760 SF
Asset Type
Mixed-use
Closing
Oct 29, 2025
AI
The mixed-use asset located at 109 East 29th Street in the NoMad market was sold for $7,615,000. The property encompasses a total area of 5,760 square feet, translating to a price per square foot of $1,322.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $7,615,000
- Address: 109 East 29th Street
- Market: NoMad
- Square Footage: 5,760
- Price per Square Foot: $1,322
- Seller: Jeff Znaty, George Giannopoulos & Tommy Giannopoulos - Kings Capital
- Brokers: Brandon Polakoff, Ryan McGuirl & Noah Kossoff - Avison Young
Kings Capital, represented by Jeff Znaty, George Giannopoulos & Tommy Giannopoulos, previously acquired the asset for $3.4 million in 2023. The transaction was facilitated by brokers Brandon Polakoff, Ryan McGuirl, and Noah Kossoff of Avison Young.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.08%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93