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

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SOLD
$3,600,000

New York

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MultiFamily4,020 SF
Sold 08/15/2024
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Property Image
SOLD

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

217 East 30th Street

See Similar Deals
MultiFamily4,020 SF
Sold 08/15/2024
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$895
Total Square Footage:4,020 SF
Transaction Type:Sale

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

5 deals$35.7M volume(917) 609-8146
BROKER

Details

SOLD
IMAGE: Mirza Avdovic DATE: 08/15/2024 ADDRESS: 217 East 30th Street MARKET: Kips Bay, Manhattan ASSET TYPE: Multifamily BUYER: George Georgiades SELLER: Samtur Enterprises - Steve Samtur BROKER: Mirza Avdovic (@BeyondCapitalNY) - Keller Williams NYC (@KWNewYorkCity) SALE PRICE: $3,600,000 UNITS: 5 ~ PPU: $720,000 SF: 4,020 ~ PPSF: $895

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$192,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
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