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243 East 58th Street, Manha...

Tony Park Acquires Mixed-Use Property In Midtown For $4.69M
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

Tony Park

PD Equities

Buyer

$139.2M

vol

13 deals

Buyer

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

3.38%

Cash-on-Cash

-0.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93