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Constantine Kalogiannis Acquires Multifamily Property From Gail Ellen Schargel In Kips Bay For $6.8M
SOLD
$6,800,000
New York
See Similar DealsMultiFamily3,968 SF
Sold 04/01/2025
SOLD
Constantine Kalogiannis Acquires Multifamily Property From Gail Ellen Schargel In Kips Bay For $6.8M
216 East 30th Street
See Similar DealsMultiFamily3,968 SF
Sold 04/01/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,713
Total Square Footage:3,968 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$362,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,158.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,235.47
Annual Debt Service$386,825.63
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