Jeffrey Znaty & George Giannopoulos Of Kings Capital Acquire NoMad Multifamily For $3.4M
109 East 29th Street
$3,400,000
$3,090/SF
Building Size
1,100 SF
Asset Type
Retail
Closing
Dec 29, 2023
About this deal
AI
The multifamily property located at 109 East 29th Street in the NoMad neighborhood has been sold for a price of $3,400,000. The property consists of 7 units, with a price per unit of $485,714. The total square footage of the property is 5,763, resulting in a price per square foot of $590.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,400,000
- Units: 7
- Price Per Unit: $485,714
- Square Footage: 5,763
- Price Per Square Foot: $590
- Address: 109 East 29th Street
- Market: NoMad
The buyers of the property are Jeffrey Znaty and George Giannopoulos from Kings Capital. They have actively expressed their interest in purchasing multifamily, mix-use buildings, and development sites in Manhattan, Brooklyn, and Queens. For any opportunities, they can be reached at [email protected].
The sellers were represented by Amit Doshi and Shallini Mehra from the Meridian Capital Group.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93