Anthony Faglione Sells Mixed-Use Property In Kips Bay For $3.95M
SOLD
New York
See Similar DealsMixed-use4,005 SF
Sold 07/01/2022
SOLD
Anthony Faglione Sells Mixed-Use Property In Kips Bay For $3.95M
238 East 26th Street, New York City, New York 10010, United States
See Similar DealsMixed-use4,005 SF
Sold 07/01/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$986
Total Square Footage:4,005 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$210,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,033.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,725.02
Annual Debt Service$224,700.18
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