Updated Oct 25, 2024
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
About this deal
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.
On the Map
$11,000,000
$8/SF
MultiFamily
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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