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103 East 29th Street

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

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

103 East 29th Street

$14,350,000

$318/SF

Building Size

45,132 SF

Asset Type

MultiFamily

Closing

Feb 28, 2025

AI

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

Nineteen Blocks

Broker

$643.3M

vol

15 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.11%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93