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109 East 29th Street

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

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

Shallini Mehra

Meridian Capital Group

Broker

$1.1B

vol

78 deals

Broker
Kassin Sabbagh Realty
Kassin Sabbagh RealtyBrokerage
Jeffrey Znaty

Jeffrey Znaty

Kings Capital

Buyer

$118.3M

vol

20 deals

Buyer

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