Updated Apr 8, 2025
Constantine Kalogiannis Acquires Multifamily Property From Gail Ellen Schargel In Kips Bay For $6.8M
216 East 30th Street
$6,800,000
$1,713/SF
Building Size
3,968 SF
Asset Type
MultiFamily
Closing
Apr 1, 2025
About this deal
AI
A multifamily property located at 216 East 30th Street in Kips Bay, Manhattan, has been sold. The sale occurred on April 1, 2025, for a total price of $6,800,000. The property has a total area of 3,968 square feet, resulting in a price per square foot of $1,714.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $6,800,000
- Sale Date: April 1, 2025
- Address: 216 East 30th Street
- Market: Kips Bay, Manhattan
- Square Footage: 3,968
- Price per Square Foot: $1,714
- Buyer: Constantine Kalogiannis
- Seller: Gail Ellen Schargel
The transaction involved buyer Constantine Kalogiannis and seller Gail Ellen Schargel, indicating the parties engaged in this real estate exchange.
Players
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
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93