George Cultraro & Elizabeth Cultraro Acquire Condo At 2 River Terrace In New York City For $4.9M
SOLD
$4,900,000
New York
See Similar DealsCondo2,095 SF
Sold 03/31/2023
SOLD
George Cultraro & Elizabeth Cultraro Acquire Condo At 2 River Terrace In New York City For $4.9M
2 River Terrace New York, NY 10282, USA
See Similar DealsCondo2,095 SF
Sold 03/31/2023
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$2,338
Total Square Footage:2,095 SF
Transaction Type:Sale
The condo located at 2 River Terrace in New York City has been sold in a recent transaction. The property, spanning 2,156 square feet, was sold for a total price of $4,900,000. With a price per square foot of $2,273, this transaction represents a significant investment in the New York City real estate market.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $4,900,000
- Square Footage: 2,156
- Price per Square Foot: $2,273
- Address: 2 River Terrace, New York City
- Market: New York City
The buyer of the condo at 2 River Terrace is George Cultraro along with Elizabeth Cultraro. They have acquired the property from Casey Neistat and Candice Pool. The sale of this condo was facilitated by the brokers Brian Cushman and Morris Saadiyayev, who represent R New York. This transaction highlights the active real estate market in New York City and the significant investment made by the Cultraros.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$261,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,408.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,228.50
Annual Debt Service$278,742.00
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