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515 East 12th Street

George Giannopoulos Jeff Znaty And Tommy Giannopoulos Of Kings Capital Acquire Mixed-Use Asset In Manhattan For $7.25M
SOLDMixed-use

George Giannopoulos Jeff Znaty And Tommy Giannopoulos Of Kings Capital Acquire Mixed-Use Asset In Manhattan For $7.25M

515 East 12th Street

$7,250,000

$735/SF

Building Size

9,854 SF

Asset Type

Mixed-use

Closing

Apr 27, 2026

AI

This mixed-use property located at 515 East 12th Street in Manhattan was sold for a transaction amount of $7,250,000. The asset spans a total square footage of 9,854, resulting in a price per square foot of $735.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $7,250,000
  • Address: 515 East 12th Street
  • Market: Manhattan
  • Square Footage: 9,854
  • Price per Square Foot: $735
  • Buyer: George Giannopoulos, Jeff Znaty & Tommy Giannopoulos - Kings Capital
  • Broker: Brandon Polakoff, David Shalom & Ryan McGuirl - Avison Young

The transaction involved Kings Capital, which is currently in contract on four additional properties across Manhattan and Brooklyn. They are actively seeking multifamily, mixed-use, and commercial properties, and are interested in development sites in North Brooklyn and Manhattan. Furthermore, Kings Capital is open to joint ventures and ground leases.

Players

David Shalom

Avison Young

Broker

$552.8M

vol

38 deals

Broker
George Giannopoulos

George Giannopoulos

Kings Capital

Buyer

$76.2M

vol

16 deals

Buyer
Kings Capital
Kings CapitalBuyer

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

2.19%

Cash-on-Cash

-0.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93