Richard Thypin Acquires Multifamily Property In Kips Bay For $5.05M
SOLD
$5,050,000
+ 1
New York
See Similar DealsMultiFamily6,140 SF
Sold 10/22/2019
SOLD
Richard Thypin Acquires Multifamily Property In Kips Bay For $5.05M
108 E 30th St, New York, NY 10016, USA
See Similar DealsMultiFamily6,140 SF
Sold 10/22/2019
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$822
Total Square Footage:6,140 SF
Transaction Type:Sale
The multifamily property located at 108 East 30th Street in Kips Bay has been sold for a price of $5,050,000. The property spans a total square footage of 6,140, resulting in a price per square foot of $822. The building has a total buildable square footage of 19,750.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $5,050,000
- Square Footage: 6,140
- Price Per Square Foot: $822
- Address: 108 East 30th Street
- Market: Kips Bay
The sellers of the property were Andrea & Susan Brown, while the buyer was Richard Thypin. Representing the sellers in the transaction were Thomas Donovan and Tommy Lin of B6 Real Estate Advisors. The buyer was represented by @Quantierra_.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$269,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,941.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,939.58
Annual Debt Service$287,274.92
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