Updated Dec 18, 2023
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
$6,150,000
$650/SF
Building Size
9,456 SF
Asset Type
MultiFamily
Closing
Dec 27, 2021
About this deal
AI
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.
On the Map
$6,150,000
$650/SF
MultiFamily
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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
2.58%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93