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
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