facebook
Traded Co logo
Submit

The Kabbalah Centre Acquires Two Family Brick In Kips Bay, Manhattan For $6M

Property Image
SOLD
$6,000,000
Ravi Kantha
Matthew "Matt" Lesser
+ 1

New York

See Similar Deals
MultiFamily4,941 SF
Sold 07/19/2021
the dealplayerscompscontact
Property Image
SOLD

The Kabbalah Centre Acquires Two Family Brick In Kips Bay, Manhattan For $6M

247 East 32nd Street, Manhattan, New York, NY, USA

See Similar Deals
MultiFamily4,941 SF
Sold 07/19/2021
Ravi Kantha
Matthew "Matt" Lesser
+ 1
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,214
Total Square Footage:4,941 SF
Transaction Type:Sale

The two-family brick property located at 247 East 32nd Street in Kips Bay, Manhattan, has been sold in a recent transaction. The asset is classified as a B1 property, with a zoning designation of R8B. The property spans 4,941 square feet and was sold at a price of $6,000,000, which equates to approximately $1,214 per square foot.

Summary of transaction details

  • Property Type: Two Family Brick (B1)
  • Transaction Amount: $6,000,000
  • Address: 247 East 32nd Street, Kips Bay, Manhattan
  • Market: Kips Bay, Manhattan
  • Buyer: The Kabbalah Centre - Angelo A Federico
  • Seller: Michael L Landsman
  • Brokers: Matthew Lesser, Ravi Kantha, & Sophie Smadbeck - Leslie J Garfield

The buyer, The Kabbalah Centre represented by Angelo A Federico, acquired the property from the seller, Michael L Landsman. The transaction was facilitated by brokers Matthew Lesser, Ravi Kantha, & Sophie Smadbeck of Leslie J Garfield. It is worth noting that this property had previously been sold on February 27, 2012, for a price of $2,400,000.

Players

Matthew "Matt" Lesser
40 deals$579.5M volume
BROKER

Ravi Kantha
Serhant
31 deals$409M volume(914) 224-2191
BROKER

Sophie Smadbeck
Leslie Garfield
5 deals$42.1M volume
BROKER

BUYER

2 deals$12.2M volume
SELLER

Details

SOLD
IMAGE: Matthew Lesser, Ravi Kantha, & Sophie Smadbeck DATE: 2021-07-19 ADDRESS: 247 East 32nd Street MARKET: Kips Bay, Manhattan ASSET TYPE: Two Family Brick (B1) ~ R8B BUYER: The Kabbalah Centre - Angelo A Federico SELLER: Michael L Landsman BROKERS: Matthew Lesser, Ravi Kantha, & Sophie Smadbeck - Leslie J Garfield PRICE: $6,000,000 SF: 4,941 ~ PPSF: $1,214 LAST SALE PRICE: $2,400,000 LAST SALE DATE: 2/27/2012

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$319,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73