Anthony Faglione Acquires Retail Property At 81 Grand Street In New York City For $2.4M
SOLD
$2,400,000
New Jersey
See Similar DealsMultiFamily7,500 SF
Sold 12/20/2022
SOLD
Anthony Faglione Acquires Retail Property At 81 Grand Street In New York City For $2.4M
81 Grand Street
See Similar DealsMultiFamily7,500 SF
Sold 12/20/2022
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$320
Total Square Footage:7,500 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$127,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69
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