Updated Oct 28, 2024
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
About this deal
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.
On the Map
$7,900,000
$491/SF
MultiFamily
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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