Salvatore Gaudio Acquires Mixed-Use Property On 2nd Avenue, NYC For $5.8M
SOLD
$5,800,000
New York
See Similar DealsMixed-use8,684 SF
Sold 06/27/2023
SOLD
Salvatore Gaudio Acquires Mixed-Use Property On 2nd Avenue, NYC For $5.8M
1391 2nd Ave New York, NY 10021, USA
See Similar DealsMixed-use8,684 SF
Sold 06/27/2023
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$667
Total Square Footage:8,684 SF
Transaction Type:Sale
A mixed-use property located at 1391 2nd Avenue in New York City has been sold for $5,800,000. The property spans 8,684 square feet, resulting in a price per square foot of $668.
Summary of transation details
- Property Type: Mixed-Use
- Transaction Amount: $5,800,000
- SF: 8,684
- PPSF: $668
- Address: 1391 2nd Avenue, New York City
The buyer of the property is Salvatore Gaudio, while Salvatore Notaro acted as the seller. The deal was facilitated by Thomas Gammino and Patrick Donahue from B6 Real Estate Advisors.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$309,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,606.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,494.96
Annual Debt Service$329,939.51
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