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Jeffrey Znaty & George Giannopoulos Of Kings Capital Acquire NoMad Multifamily For $3.4M

Property Image
SOLD
$3,400,000
Amit Doshi
Shallini Mehra
+ 1

New York

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Retail1,100 SF
Sold 12/29/2023
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Property Image
SOLD

Jeffrey Znaty & George Giannopoulos Of Kings Capital Acquire NoMad Multifamily For $3.4M

109 East 29th Street

See Similar Deals
Retail1,100 SF
Sold 12/29/2023
Amit Doshi
Shallini Mehra
+ 1
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$3,090
Total Square Footage:1,100 SF
Transaction Type:Sale

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

Shallini Mehra
78 deals$1.1B volume
BROKER

Amit Doshi
Meridian Capital Group
87 deals$1.3B volume
BROKER

Kassin Sabbagh Realty
BROKERAGE

Jeffrey Znaty
Kings Capital
20 deals$118.3M volume
BUYER

George Giannopoulos
Kings Capital
16 deals$76.2M volume
BUYER

Details

SOLD
IMAGE: George Giannopoulos, Jeffrey Znaty, Shallini Mehra & Amit Doshi DATE: 12/29/2023 ADDRESS: 109 East 29th Street MARKET: NoMad ASSET TYPE: Multifamily BUYER: Jeffrey Znaty (@JeffNYZ) & George Giannopoulos (@George___Giannopoulos) - Kings Capital (@KingsCapitalRE) SELLER'S REP: Amit Doshi (@NYInvestmentProperties)(@TeamDoshi) & Shallini Mehra (@Shallini_Mehra) - Meridian Capital Group (@Meridian.Capital.Group) SALE PRICE: $3,400,000 UNITS: 7 ~ PPU: $485,714 SF: 5,763 ~ PPSF: $590 NOTE FROM BUYER: The building was delivered vacant at closing. Kings Capital is aggressively looking to purchase multifamily, mix-use buildings and development sites in Manhattan, Brooklyn & Queens Please send all opportunities to: [email protected] www.KingsCapitalRE.com

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$181,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,079.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,117.73
Annual Debt Service$193,412.82