Updated Dec 4, 2024
Cynthia Nixon Acquires Three Family Property In Kips Bay, Manhattan For $4.4M
218 East 32nd Street, Manhattan, New York, NY, USA
$4,400,000
$1,565/SF
Building Size
2,811 SF
Asset Type
MultiFamily
Closing
Jun 15, 2021
About this deal
AI
The three-family property located at 218 East 32 Street in Kips Bay, Manhattan, has been sold in a recent transaction. The property, classified as C0 and within the R7B zoning, spans a total of 2,811 square feet. The sale price for this asset was $4,400,000, resulting in a price per square foot of $1,565. This sale marks a significant increase in value since the last recorded transaction in which the property was sold for $0 on June 9, 2010.
Summary of transaction details
- Property Type: Three Families (C0) ~ R7B
- Transaction Amount: $4,400,000
- Square Footage: 2,811 SF
- Price per Square Foot: $1,565
- Date of Sale: June 16, 2021
The buyer of the property is Cynthia Nixon, while the seller is John Gerona. The transaction was facilitated by Dexter Guerrieri, a representative of Vandenberg, Inc., who acted as the broker in this deal.
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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93