BEB Capital Acquires Mixed-use Property In Kips Bay For $55.25M
312 East 30th Street, New York City, New York 10016, United States
$55,250,000
$973/SF
Building Size
56,750 SF
Asset Type
Mixed-use
Closing
Feb 1, 2022
AI
The mixed-use property located at 312-316 East 30th Street in Kips Bay has been sold for $55,250,000. The transaction took place on 02/02/2022. The property spans approximately 56,750 square feet, resulting in a price per square foot of $973. The buyers, BEB Capital, were represented by Lee Brodsky, Keyvan Ghaytanchi, and Ben Fischer. The sellers, A.D. Real Estate Investors, Inc., were represented by Adam Daniels and Aaron Daniels. The brokers involved in the deal were Andrew Natter and Harold Fuchs.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $55,250,000
- Square Footage: 56,750
- Price per Square Foot: $973
- Buyer: BEB Capital - Lee Brodsky, Keyvan Ghaytanchi, and Ben Fischer
- Seller: A.D. Real Estate Investors, Inc. - Adam Daniels and Aaron Daniels
- Brokers: Andrew Natter and Harold Fuchs
The successful transaction involved key individuals and companies such as Lee Brodsky, Keyvan Ghaytanchi, Ben Fischer, Adam Daniels, Aaron Daniels, Andrew Natter, and Harold Fuchs. The sale of the property at 312-316 East 30th Street highlights the thriving real estate market in Kips Bay.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93