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
$4,900,000
$2,338/SF
Building Size
2,095 SF
Asset Type
Condo
Closing
Mar 31, 2023
About this deal
AI
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.
On the Map
$4,900,000
$2,338/SF
Condo
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New York Condo Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.24%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93