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52 Stone Street, Manhattan,...

RDTC LLC Acquires Mixed-Use Property On Stone Street In FiDi For $6.25M
SOLDMixed-use

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

Louis Puopolo

Douglas Elliman

Broker

$29.5M

vol

8 deals

Broker

Ronan Downs

Buyer

$10.4M

vol

2 deals

Buyer
Hirshmark Capital
Hirshmark CapitalLender

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