Anthony Faglione Acquires Retail Property At 81 Grand Street In New York City For $2.4M
81 Grand Street
$2,400,000
$320/SF
Building Size
7,500 SF
Asset Type
MultiFamily
Closing
Dec 20, 2022
AI
The property involved in this closed transaction is a retail space located at 81 Grand Street in New York City. The property spans 3,617 square feet and was sold for a price of $2,400,000, resulting in a price per square foot of $664.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,400,000
- Address: 81 Grand Street, New York City
- Square Footage: 3,617
- Market: New York City
- Buyer: Anthony Faglione
- Seller: Estate Of Ernst Neizvestny
- Broker: Matthew Marshall - Marshall Real Estate
The buyer in this transaction is Anthony Faglione, while the seller is the Estate of Ernst Neizvestny. The deal was facilitated by Matthew Marshall from Marshall Real Estate.
Players
Garfield MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93