Anthony Faglione Sells Mixed-Use Property In Kips Bay For $3.95M
238 East 26th Street, New York City, New York 10010, United States
$3,950,000
$986/SF
Building Size
4,005 SF
Asset Type
Mixed-use
Closing
Jun 30, 2022
AI
The mixed-use property located at 238 East 26th Street in Kips Bay has been sold for $3,950,000. The property spans 4,005 square feet, resulting in a price per square foot of $986. The transaction took place on 07/01/2022.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $3,950,000
- Seller: Anthony Faglione
- Seller's Representatives: Mike Kavanagh, John Ciraulo, and Craig Waggner - Cushman & Wakefield
Anthony Faglione was represented in the sale by Mike Kavanagh, John Ciraulo, and Craig Waggner of Cushman & Wakefield.
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
4.02%
Cash-on-Cash
-1.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93