Stephanie Lin Acquires Mixed-Use Property In Gramercy Park For $3.6M
SOLD
$3,565,000
+ 2
New York
See Similar DealsMixed-use4,580 SF
Sold 01/03/2024
SOLD
Stephanie Lin Acquires Mixed-Use Property In Gramercy Park For $3.6M
389 2nd Avenue
See Similar DealsMixed-use4,580 SF
Sold 01/03/2024
+ 2
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$778
Total Square Footage:4,580 SF
Transaction Type:Sale
The mixed-use property located at 389 2nd Avenue in Gramercy Park, Manhattan was recently sold in a transaction. The sale price for the property was $3,565,000. The property spans 4,580 square feet, resulting in a price per square foot of $778.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,565,000
- Address: 389 2nd Avenue
- Market: Gramercy Park, Manhattan
The sale was facilitated by the brokerage firm Cushman & Wakefield. The buyer for the property is Stephanie Lin, while the seller is Jonathan Levine. Cushman & Wakefield represented both parties in the deal, with Craig Waggner, John Ciraulo, Jack Stephen, and Mike Kavanagh serving as the brokers.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$190,133.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,665.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,899.92
Annual Debt Service$202,799.03
Is there something missing? Send suggestions