SOLD
Empire Grand Acquires Multifamily Property In Kips Bay For $8M
519 Second Avenue @paddyreillysmusicbar
MultiFamily
7,900 SF
7,900 SF
Summary
Sale
NEW YORK
MultiFamily
7,900 sqft
An $8 million multifamily property in Kips Bay has been sold at 519 Second Ave, located near Paddy Reilly's Music Bar. The property spans 7,900 square feet and was sold by 519 LLC, represented by Adam Parkoff and Adam Siff. The buyer, Empire Grand, was represented by Eddie Weinberg. The sale was facilitated by brokers Lipa Lieberman, David Schechtman, and Abie Kassin from Meridian Capital Group.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,000,000
- Address: 519 Second Ave
- Market: Kips Bay
The sale price of the property was $8 million, resulting in a price per square foot of $1,012. The property generates a gross income of $498,000.
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Details
SOLD
IMAGE: Lipa Lieberman, David Schechtman & Adam Parkoff
DATE: 05/02/2019
ADDRESS: 519 Second Ave @paddyreillysmusicbar
MARKET: Kips Bay
ASSET TYPE: Multifamily
SELLER: 519 LLC - Adam Parkoff & Adam Siff
BUYER: Empire Grand - Eddie Weinberg
BROKERS: Lipa Lieberman, David Schechtman, Abie Kassin @Meridian.Capital.Group
SALE PRICE: $8,000,000
SF: 7,900 ~ PPSF: $1,012
GROSS INCOME: 498,000View on map
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Address519 Second Avenue @paddyreillysmusicbar
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