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2 River Terrace New York, N...

George Cultraro & Elizabeth Cultraro Acquire Condo At 2 River Terrace In New York City For $4.9M
SOLDCondo

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

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.

Players

Morris Saadiyayev

R New York

Broker

$47.2M

vol

15 deals

Broker

New York Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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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