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147 East 26th Street, Manha...

Dr. Shawn Khodadadian Acquires Kips Bay SFR For $10.65M From Joseph J. Giovinco Jr
SOLDOffice

Dr. Shawn Khodadadian Acquires Kips Bay SFR For $10.65M From Joseph J. Giovinco Jr

147 East 26th Street, Manhattan, New York, NY, USA

$10,650,000

$718/SF

Building Size

14,814 SF

Asset Type

Office

Closing

Nov 30, 2020

AI

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.

Players

Joe Genovese

Broker

$42.3M

vol

4 deals

Broker

New York Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.49%

Cash-on-Cash

-0.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93