Amy Wong Acquires Mixed-Use Property In Gramercy Park For $3.88M
SOLD
$3,880,000
+ 2
New York
See Similar DealsMixed-use4,810 SF
SOLD
Amy Wong Acquires Mixed-Use Property In Gramercy Park For $3.88M
393 2nd Avenue
See Similar DealsMixed-use4,810 SF
+ 2
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$806
Total Square Footage:4,810 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$206,933.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,784.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,393.18
Annual Debt Service$220,718.15
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