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.
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