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
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