Salvatore Gaudio Acquires Mixed-Use Property On 2nd Avenue, NYC For $5.8M
1391 2nd Ave New York, NY 10021, USA
$5,800,000
$667/SF
Building Size
8,684 SF
Asset Type
Mixed-use
Closing
Jun 27, 2023
About this deal
AI
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.
On the Map
$5,800,000
$667/SF
Mixed-use
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Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93