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312 East 30th Street, New Y...

BEB Capital Acquires Mixed-use Property In Kips Bay For $55.25M
SOLDMixed-use

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:

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

Harold Fuchs

Broker

$133.1M

vol

9 deals

Broker
The Collaborative Group
The Collaborative GroupBrokerage
Keyvan Ghaytanchi

Keyvan Ghaytanchi

BEB Capital

Buyer

$181.6M

vol

20 deals

Buyer

Aaron Daniels

Seller

$59.7M

vol

5 deals

Seller

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