Aziz Osmani & Kamrun N. Osmani Acquire $4.4M Apartment In Kips Bay, Manhattan

The closed property transaction took place on October 20, 2022, at 125 Lexington Avenue in Kips Bay, Manhattan. The property is an apartment building with a zoning classification of C6-2A. The transaction involved a purchase and sale between Aziz Osmani & Kamrun N. Osmani as the buyers and Zvi Gotian as the seller. The property was sold for a price of $4,400,000. The building has a total gross floor area of 10,517 square feet, resulting in a price per square foot of $418. Additionally, the property has a total area of 5,468 square feet, with a price per square foot of $804. The floor area ratio (FAR) is 3.13, and it falls under tax class 2B. The lot size is 1,747 square feet, and there was an alteration permit issued on July 7, 2014. The lot dimensions are 21.83 ft x 80 ft.

Summary of transaction details

• Property Type: Apartment
• Transaction Amount: $4,400,000
• Market: Kips Bay, Manhattan
• Zoning: C6-2A
• Buyer: Aziz Osmani & Kamrun N. Osmani
• Seller: Zvi Gotian
• Gross Floor Area: 10,517 sq ft
• Price per Gross Floor Area: $418
• Total Area: 5,468 sq ft
• Price per Square Foot: $804
• Floor Area Ratio (FAR): 3.13
• Tax Class: 2B
• Lot Size: 1,747 sq ft
• Permits: Alteration 2 (07/07/2014)
• Lot Dimensions: 21.83 ft x 80 ft

The details of the transaction reveal that Aziz Osmani & Kamrun N. Osmani acquired the apartment building from Zvi Gotian. This transaction demonstrates their successful participation in the real estate market. The involvement of these individuals and companies contributes to the overall growth and development of the property market in Kips Bay, Manhattan.