SOLDMixed-use
Tony Park Acquires Mixed-Use Property In Midtown For $4.69M
243 East 58th Street, Manhattan, New York, NY, USA
$4,690,000
$1,128/SF
Building Size
4,157 SF
Asset Type
Mixed-use
Closing
Sep 21, 2021
AI
The mixed-use property located at 243 East 58th Street in Midtown has been sold in a recent transaction. The property is zoned as R8B, C2-8, TA and offers a variety of potential uses.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $4,690,000
- Address: 243 East 58th Street
- Market: Midtown
- BSF (Building Square Footage): 20,080
- PPBSF (Price Per Building Square Foot): $233
- SF (Lot Square Footage): 4,157
- PPSF (Price Per Square Foot): $1,128
The buyer of the property is Tony Park, while the sellers are Lidia Bastianich and Tanya Bastianich Manuali.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.38%
Cash-on-Cash
-0.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93