facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

237 East 33rd Street, New Y...

Amir Shriki Acquires Apartment Building In Kips Bay, Manhattan For $7.9M
SOLDMultiFamily

Amir Shriki Acquires Apartment Building In Kips Bay, Manhattan For $7.9M

237 East 33rd Street, New York City, New York 10016, United States

$7,900,000

$491/SF

Building Size

16,080 SF

Asset Type

MultiFamily

Closing

Feb 17, 2022

AI

The property involved in this transaction is an apartment located at 237 East 33rd Street in the Kips Bay neighborhood of Manhattan. The property is zoned as R8B and has a lot size of 1,819 square feet. The building has a total square footage of 16,080, with a price per square foot of $491. The transaction took place on February 18, 2022, with a sale price of $7,900,000. The buyer of the property was Amir Shriki, and the seller was Barry Leon.

Summary of transaction details

  • Property Type: Apartment
  • Transaction Amount: $7,900,000
  • Address: 237 East 33rd Street
  • Market: Kips Bay, Manhattan
  • Zoning: R8B
  • Square Footage: 16,080
  • Price per Square Foot: $491

Notable details about the deal include the buyer, Amir Shriki, and the seller, Barry Leon. The property's floor area ratio (FAR) is 3.34, and it falls under tax class 2B. The property has a building square footage of 20,440, with a price per building square foot of $386. It's worth mentioning that the property underwent an alteration permit in December 2012. The lot dimensions of the property are 18.33 feet x 98.75 feet.

Players

Amir Shriki

Aya Acquisitions

Buyer

$460.3M

vol

10 deals

Buyer

Barry Leon

Seller

$46.4M

vol

2 deals

Seller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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