JLL Brokers Sell Multifamily Property In Kips Bay, Manhattan For $5.95M
SOLD
$5,950,000
+ 1
New York
See Similar DealsMultiFamily9,920 SF
Sold 12/26/2023
SOLD
JLL Brokers Sell Multifamily Property In Kips Bay, Manhattan For $5.95M
225 East 25th Street
See Similar DealsMultiFamily9,920 SF
Sold 12/26/2023
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$599
Total Square Footage:9,920 SF
Transaction Type:Sale
A multifamily property located at 225 East 25th Street in Kips Bay, Manhattan has been sold in a closed transaction. The property consists of 20 units with a total of 9,920 square feet. The sale price for the property was $5,950,000, resulting in a price per unit of $297,500 and a price per square foot of $600.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,950,000
- Address: 225 East 25th Street
- Market: Kips Bay, Manhattan
The sale of this multifamily property was facilitated by the brokers Teddy Galligan, Hall Oster, Clint Olsen, and Stephen Godnick from JLL. They represented the buyer and seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$317,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,139.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,206.04
Annual Debt Service$338,472.43
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