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

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.