facebook
Traded Co logo
Submit

Impact Equities Acquires Multifamily Property At 103 East 29th Street For $14.35M

Property Image
SOLD
$14,350,000

New York

See Similar Deals
MultiFamily45,132 SF
Sold 02/28/2025
the dealplayerscompscontact
Property Image
SOLD

Impact Equities Acquires Multifamily Property At 103 East 29th Street For $14.35M

103 East 29th Street

See Similar Deals
MultiFamily45,132 SF
Sold 02/28/2025
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$318
Total Square Footage:45,132 SF
Transaction Type:Sale

The asset involved in this transaction is a multifamily property located at 103 East 29th Street in the Manhattan market. The sale price for the property amounted to $14,350,000, covering a total area of 45,132 square feet, which equates to a price per square foot of $317.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $14,350,000
  • Address: 103 East 29th Street
  • Market: Manhattan
  • Square Footage: 45,132
  • Price Per Square Foot: $317
  • Buyer: Impact Equities
  • Seller: Auevilla Holdings - Frank Savino
  • Brokers: Michael Lohan & Evan Gaines - Nineteen Blocks

Nineteen Blocks facilitated the Co-GP and LP capital advisory for Impact Equities' acquisition and vertical capitalization of the luxury condominium development. For equity and debt requirements, inquiries can be directed to [email protected].

Players

Michael Lohan
15 deals$643.3M volume
BROKER

Evan Gaines
Nineteen Blocks
4 deals$77.5M volume(646) 592-1252
BROKER

Details

SOLD
IMAGE: Michael Lohan & Evan Gaines DATE: 02/28/2025 ADDRESS: 103 East 29th Street MARKET: Manhattan ASSET TYPE: Multifamily BUYER: Impact Equities (@ImpactEquities) SELLER: Auevilla Holdings - Frank Savino BROKERS: Michael Lohan (@MikeLohan) & Evan Gaines (@EvanGaines_) - Nineteen Blocks (@NineteenBlocks) SALE PRICE: $14,350,000 SF: 45,132 ~ PPSF: $317 NOTE FROM BROKER: Nineteen Blocks completed the Co-GP and LP capital advisory for Impact Equities' acquisition and vertical capitalization of the luxury condominium development at 103 E 29th street. For equity and debt requirements, please reach out to [email protected].

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$765,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$50,982.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$68,026.32
Annual Debt Service$816,315.85