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217 East 30th Street

George Georgiades Purchases Kips Bay Multifamily For $3.6 Million With Broker Mirza Avdovic
SOLDMultiFamily

George Georgiades Purchases Kips Bay Multifamily For $3.6 Million With Broker Mirza Avdovic

217 East 30th Street

$3,600,000

$895/SF

Building Size

4,020 SF

Asset Type

MultiFamily

Closing

Aug 15, 2024

AI

The multifamily asset located at 217 East 30th Street in the Kips Bay neighborhood of Manhattan has been sold for a structured price of $3,600,000. The property features five units, offering a price per unit of $720,000. The total square footage of the asset is 4,020, resulting in a price per square foot of $895.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,600,000
  • Units: 5
  • Price Per Unit: $720,000
  • Total Square Footage: 4,020
  • Price Per Square Foot: $895
  • Buyer: George Georgiades
  • Seller: Samtur Enterprises - Steve Samtur
  • Broker: Mirza Avdovic - Keller WilliamsNYC

This transaction involved key parties including the buyer, George Georgiades, and the seller, Samtur Enterprises represented by Steve Samtur. The broker facilitating the deal was Mirza Avdovic from Keller Williams NYC.

Players

Mirza Avdovic

Keller Williams NYC

Broker

$35.7M

vol

5 deals

Broker

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

4.41%

Cash-on-Cash

-1.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93