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Jeffrey Znaty & George Giannopoulos Acquire Multifamily Property In Greenwich Village For $4.125M

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SOLD
$4,125,000

New York

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Mixed-use
Sold 03/25/2024
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Property Image
SOLD

Jeffrey Znaty & George Giannopoulos Acquire Multifamily Property In Greenwich Village For $4.125M

43 West 8th Street

See Similar Deals
Mixed-use
Sold 03/25/2024
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Summary

NEW YORK
Asset Type:Mixed-use
Transaction Type:Sale

The multifamily property located at 43 West 8th Street in Greenwich Village, Manhattan, was recently involved in a transaction. The property spans 6,854 square feet and was sold for $4,125,000, equating to a price per square foot of $602. The buyer, Jeffrey Znaty and George Giannopoulos from Kings Capital, acquired the property from the seller, Steven Grundwerg. The transaction was facilitated by brokers Clint Olsen, Hall Oster, and Stephen Godnick from JLL.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,125,000
  • Buyer: Jeffrey Znaty & George Giannopoulos - Kings Capital
  • Seller: Steven Grundwerg
  • Brokers: Clint Olsen, Hall Oster & Stephen Godnick - JLL
  • Address: 43 West 8th Street
  • Market: Greenwich Village, Manhattan
  • Square Footage: 6,854
  • Price Per Square Foot: $602

The buyer, Kings Capital, expressed interest in value-add multifamily properties and development sites in prime areas of Manhattan and Brooklyn. Along with the property on 43 West 8th Street, Kings Capital is currently in contract for 5 other properties in Manhattan. For further inquiries or to present potential opportunities, Kings Capital can be contacted at [email protected]. The transaction also involved the reputable JLL Team and the Law Office of Joseph Cohen.

Players

Clint Olsen
22 deals$702.9M volume
BROKER

Hall Oster
JLL
88 deals$2.1B volume
BROKER

Stephen Godnick
JLL
10 deals$215.9M volume
BROKER

Details

SOLD
IMAGE: Clint Olsen, George Giannopoulos, Hall Oster, Jeffrey Znaty & Stephen Godnick DATE: 03/25/2024 ADDRESS: 43 West 8th Street MARKET: Greenwich Village, Manhattan ASSET TYPE: Multifamily BUYER: Jeffrey Znaty (@Jeffnyz) & George Giannopoulos (@George___Giannopoulos) - Kings Capital (@KingsCapitalRE) SELLER: Steven Grundwerg BROKERS: Clint Olsen, Hall Oster & Stephen Godnick (@SGodnick217) - JLL (@JLL) SALE PRICE: $4,125,000 SF: 6,854 ~ PPSF: $602 NOTE FROM BUYER: 6 apartments & 2 retail stores delivered vacant at closing. Kings Capital is in contract on 5 properties throughout Manhattan and is aggressively seeking value-add multifamily and development sites throughout prime areas of Manhattan and Brooklyn. To learn more about us or submit an opportunity please contact us at [email protected]. Special thanks to the JLL Team and the Law Office of Joseph Cohen

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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