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109 East 29th Street

Updated Feb 24, 2025

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

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.

On the Map

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$3,400,000

$3,090/SF

Retail

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Players

Shallini Mehra

Meridian Capital Group

Broker

$1.2B

vol

79 deals

Broker
Kassin Sabbagh Realty
Kassin Sabbagh RealtyBrokerage
Jeffrey Znaty

Jeffrey Znaty

Kings Capital

Buyer

$180.6M

vol

23 deals

Buyer
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New York Retail Market Snapshot

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Deal FAQ

About $3.1K per square foot on a published $3.4M for 1,100 square feet (2023).

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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

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