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
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
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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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