AYA & Big Apple Living Acquire Multifamily Property In Kips Bay, Manhattan For $7.9M
237-239 East 33rd Street, New York City, New York 10016, United States
$7,900,000
$491/SF
Building Size
16,077 SF
Asset Type
MultiFamily
Closing
Feb 14, 2022
AI
A multifamily property located at 237-239 East 33rd Street in Kips Bay, Manhattan, has been sold for $7,900,000. The property consists of 29 units with an average price per unit of $272,413. The total square footage of the property is 16,077, resulting in a price per square foot of $491.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $7,900,000
- Address: 237-239 East 33rd Street
- Market: Kips Bay, Manhattan
The buyer of the property is AYA & Big Apple Living, while the seller is G4 Capital Partners. The transaction was facilitated by Stephen Palmese, Ethan Stanton, Clint Olsen, and Stephen Godnick from JLL.
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
2.01%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93