Amy Wong Acquires Mixed-Use Property In Gramercy Park For $3.88M
393 2nd Avenue
$3,880,000
$806/SF
Building Size
4,810 SF
Asset Type
Mixed-use
Closing
Apr 17, 2023
AI
A mixed-use property located at 393 Second Avenue in Gramercy Park has been sold for a total price of $3,880,000. The property consists of four units with a price per unit of $970,000. The total square footage of the property is 4,810, with a price per square foot of $807.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,880,000
- Units: 4
- Price per Unit: $970,000
- Square Footage: 4,810
- Price per Square Foot: $807
The buyer of the property is Amy Wong, while the seller is Dan Kaplan. The brokers involved in the transaction are Peter Von Der Ahe, Joe Koicim, Jared Bernstein, and Jared Berkey from New York Multifamily and Marcus & Millichap NY.
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
4.09%
Cash-on-Cash
-1.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93