facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

402 3rd Ave #412, New York,...

Donald Zucker Acquires Multifamily Property In Kips Bay For $11M
SOLDMultiFamily

Donald Zucker Acquires Multifamily Property In Kips Bay For $11M

402 3rd Ave #412, New York, NY 10016, USA

$11,000,000

$8/SF

Building Size

1,376,280 SF

Asset Type

MultiFamily

Closing

Jan 27, 2020

AI

The multifamily property located at 402-412 Third Avenue in Kips Bay has been sold in a closed transaction. The property spans 137,628 square feet and was listed with an asking price of $15,000,000. The sale price reached for the property was $11,000,000, resulting in a price per square foot of $79. The seller of the property was Leon Jamie.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $11,000,000
  • Address: 402-412 Third Avenue, Kips Bay
  • Market: Kips Bay

Donald Zucker was the buyer in this transaction, while John Ciraulo, Craig Waggner, JP Will, Mike Kavanagh, and Zach Larsen from CushWake represented the seller as their representatives.

Please note that additional information about the transaction is not available.

Players

John Ciraulo

Cushman & Wakefield

Broker

$732.2M

vol

47 deals

Broker

Donald Zucker

Manhattan Skyline Management

Buyer

$49.5M

vol

3 deals

Buyer

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

1.44%

Cash-on-Cash

-0.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93