RDTC LLC Acquires Mixed-Use Property On Stone Street In FiDi For $6.25M
52 Stone Street, Manhattan, New York, NY, USA
$6,250,000
$833/SF
Building Size
7,500 SF
Asset Type
Mixed-use
Closing
Sep 16, 2021
AI
Located in the Financial District (FiDi), the mixed-use property at 52 Stone Street has recently changed hands. The sale took place on September 16, 2021, and involved RDTC LLC, represented by Ronan Downs, as the buyer. The seller was @GoldmanProperties, with Joey Goldman and Stone 33 listed as the representatives. The transaction was facilitated by brokers Marc Palermo and Louis Puopolo from Douglas Elliman.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $6,250,000
- Address: 52 Stone Street, FiDi
- Square Footage: 10,090
- Price per Square Foot: $619
Joey Goldman, Dan Seidenstein, Marc Palermo, and Louis Puopolo were involved in this deal. The purchase price for the property was $6,250,000, and it spans an area of 10,090 square feet, translating to a price per square foot of $619. The buyer, RDTC LLC, was represented by Ronan Downs. On the other side, @GoldmanProperties acted as the seller, with Joey Goldman and Stone 33 listed as the representatives. Marc Palermo and Louis Puopolo, both from Douglas Elliman, worked as brokers for this transaction.
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
2.54%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93