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145 East 30th Street, New Y...

Updated Dec 21, 2023

Vincent Todaro Acquires Apartment In Kips Bay, Manhattan For $3.45M
SOLDMultiFamily

Vincent Todaro Acquires Apartment In Kips Bay, Manhattan For $3.45M

145 East 30th Street, New York City, New York 10016, United States

$3,450,000

$355/SF

Building Size

9,693 SF

Asset Type

MultiFamily

Closing

Jul 27, 2022

About this deal

AI

The property involved in this closed transaction is located at 145 East 30th Street in the Kips Bay neighborhood of Manhattan. It is an apartment building with a zoning designation of R8B. The sale took place on July 28, 2022, with Vincent Todaro as the buyer and Michael R. Clandorf as the seller.

Summary of transaction details

  • Property Type: Apartment
  • Transaction Amount: $3,450,000
  • Market: Kips Bay, Manhattan
  • BSF: 10,536
  • PPBSF: $327
  • SF: 9,693
  • PPSF: $355
  • FAR: 3.68
  • Tax Class: 2
  • Lot Size: 2,634
  • Permits: Alteration 2 (06/02/2009)
  • Lot Dimension: 26.67 ft x 98.75 ft

The property has a building square footage (BSF) of 10,536 and a price per BSF (PPBSF) of $327. It spans a total area of 9,693 square feet, with a price per square foot (PPSF) of $355. The floor area ratio (FAR) is 3.68, and the tax class is 2. The lot size is 2,634 square feet, with permit records indicating an alteration made on June 2, 2009. The lot's dimensions measure 26.67 feet by 98.75 feet.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $355 per square foot on a published $3.5M for 9,693 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.60%

Cash-on-Cash

-1.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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