Updated Dec 19, 2023
Richard Thypin Acquires Multifamily Property In Kips Bay For $5.05M
108 E 30th St, New York, NY 10016, USA
$5,050,000
$822/SF
Building Size
6,140 SF
Asset Type
MultiFamily
Closing
Oct 21, 2019
About this deal
AI
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_.
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
3.14%
Cash-on-Cash
-0.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93