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Mikael Nahmias & Mackenzie Nahmias Acquire Condo At 2 River Terrace In New York City For $2.8M

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SOLD
$2,835,000

New York

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SOLD

Mikael Nahmias & Mackenzie Nahmias Acquire Condo At 2 River Terrace In New York City For $2.8M

2 River Terrace New York, NY 10282, USA

See Similar Deals
Condo2,095 SF
Sold
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Summary

NEW YORK
Asset Type:Condo
Price Per Square Foot:$1353
Total Square Footage:2095 SF
Transaction Type:Sale

The property involved in this transaction is a condo located at 2 River Terrace in New York City. The sale took place on 03/17/2023 and the asset type is a condo. The property spans 1,587 square feet and was sold at a price of $2,835,000, resulting in a price per square foot of $1,786.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $2,835,000
  • Address: 2 River Terrace, New York City
  • Market: New York City
  • Buyer: Mikael Nahmias & Mackenzie Nahmias
  • Seller: Gaurang Chadha & Daiga Chadha
  • Brokers: Morris Saadiyayev & Brian Cushman - R New York

The buyers in this transaction are Mikael Nahmias and Mackenzie Nahmias, while the sellers are Gaurang Chadha and Daiga Chadha. The brokers who facilitated the deal were Morris Saadiyayev and Brian Cushman from R New York.

Players

Morris Saadiyayev
15 deals$47.2M volume
BROKER

Brian Cushman
R New York
11 deals$41M volume(212) 688-1000
BROKER

Details

SOLD
IMAGE: Morris Saadiyayev & Brian Cushman DATE: 03/17/2023 ADDRESS: 2 River Terrace MARKET: New York City ASSET TYPE: Condo BUYER: Mikael Nahmias & Mackenzie Nahmias SELLER: Gaurang Chadha & Daiga Chadha BROKERS: Morris Saadiyayev (@MorrisNYC) & Brian Cushman (@CushmanPropertyGroup) - R New York (@RNewYorkRealEstate) SALE PRICE: $2,835,000 SF: 1,587 ~ PPSF: $1,786

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$151,200.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,072.16
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,439.35
Annual Debt Service$161,272.16