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237-239 East 33rd Street, N...

AYA & Big Apple Living Acquire Multifamily Property In Kips Bay, Manhattan For $7.9M
SOLDMultiFamily

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

Clint Olsen

JLL

Broker

$702.9M

vol

22 deals

Broker
The Corcoran Group
The Corcoran GroupBrokerage
Capital Partners
Capital PartnersSeller

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