facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

108 E 30th St, New York, NY...

Richard Thypin Acquires Multifamily Property In Kips Bay For $5.05M
SOLDMultiFamily

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

Ben Carlos Thypin

Quantierra

Broker

$199.2M

vol

12 deals

Broker
B6 Real Estate Advisors
B6 Real Estate AdvisorsBrokerage

Richard Thypin

Buyer

$9.3M

vol

3 deals

Buyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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