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
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