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1391 2nd Ave New York, NY 1...

Salvatore Gaudio Acquires Mixed-Use Property On 2nd Avenue, NYC For $5.8M
SOLDMixed-use

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

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.

Players

Thomas Gammino

Lee & Associates

Broker

$223.9M

vol

15 deals

Broker
B6 Real Estate Advisors
B6 Real Estate AdvisorsBrokerage

Salvatore Gaudio

Buyer

$39.5M

vol

6 deals

Buyer

Salvatore Notaro

Seller

$8.2M

vol

3 deals

Seller

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