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Ramiel Ben-Yehuda Acquires Multifamily Property In Kips Bay, Manhattan For $6.15M

Property Image
SOLD
$6,150,000

New York

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MultiFamily9,456 SF
Sold 12/28/2021
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Property Image
SOLD

Ramiel Ben-Yehuda Acquires Multifamily Property In Kips Bay, Manhattan For $6.15M

212 East 29th Street, New York City, New York 10016, United States

See Similar Deals
MultiFamily9,456 SF
Sold 12/28/2021
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$650
Total Square Footage:9,456 SF
Transaction Type:Sale

The multifamily property located at 212 East 29 Street in Kips Bay, Manhattan has been sold in a recent transaction. The property, with a zoning designation of R8B, offers a total building square footage (BSF) of 9,876 and a price per BSF (PPBSF) of $622. The total square footage (SF) of the property is 9,456, with a price per SF (PPSF) of $650. The property has a floor area ratio (FAR) of 3.83 and is classified as tax class 2.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $6,150,000
  • Address: 212 East 29 Street, Kips Bay, Manhattan
  • Zoning: R8B
  • BSF: 9,876
  • PPBSF: $622
  • SF: 9,456
  • PPSF: $650
  • FAR: 3.83
  • Tax Class: 2

The buyer, Ramiel Ben-Yehuda, acquired the property from the seller, Matthew M. Nalbandian, for a total price of $6,150,000. The transaction marks a successful deal between the two parties.

Players

4 deals$34.2M volume
BUYER

Details

SOLD
IMAGE: 12/28/2021 ADDRESS: 212 East 29 Street MARKET: Kips Bay, Manhattan ASSET TYPE: Multifamily ~ ZONING: R8B BUYER: Ramiel Ben-Yehuda SELLER: Matthew M. Nalbandian PRICE: $6,150,000 BSF: 9,876 ~ PPBSF: $622 SF: 9,456 ~ PPSF: $650 FAR: 3.83 TAX CLASS: 2 LOT SIZE: 2,469 LAST SALE PRICE: $7,450,000 (07/27/2011) PERMITS: Alteration 2 (07/14/2011) LOT DIMENSION: 25 ft x 98.75 ft

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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