Dr. Shawn Khodadadian Acquires Kips Bay SFR For $10.65M From Joseph J. Giovinco Jr
SOLD
$10,650,000
New York
See Similar DealsOffice14,814 SF
Sold 12/01/2020
SOLD
Dr. Shawn Khodadadian Acquires Kips Bay SFR For $10.65M From Joseph J. Giovinco Jr
147 East 26th Street, Manhattan, New York, NY, USA
See Similar DealsOffice14,814 SF
Sold 12/01/2020
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$718
Total Square Footage:14,814 SF
Transaction Type:Sale
The recently closed property transaction involved the sale of a Single Family Residence (SFR) located at 147 East 26 Street in the Kips Bay market. The property is zoned as R8B, indicating its specific land use regulations. The sale was completed on 12/01/2020 and the buyer was Dr. Shawn Khodadadian. The seller in this transaction was Joseph J. Giovinco Jr. The sale was facilitated by Joe Genovese of Lee Odell Real Estate. The property spans across 14,814 square feet and was sold at a price of $10,650,000, resulting in a price per square foot of $719.
Summary of transaction details
- Property Type: Single Family Residence (SFR)
- Transaction Amount: $10,650,000
- Property Size: 14,814 square feet
- Zoning: R8B
- Transaction Date: 12/01/2020
- Market: Kips Bay
Dr. Shawn Khodadadian acted as the buyer in this transaction, acquiring the property for the specified price. On the other hand, Joseph J. Giovinco Jr. served as the seller. The deal was successfully brokered by Joe Genovese of Lee Odell Real Estate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$568,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$37,837.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,486.43
Annual Debt Service$605,837.20
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