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

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.