Gould Investors Sells Mixed-Use Property At 928-930 2nd Avenue For $8.276M
928 930 2nd Avenue
$8,276,000
$398/SF
Building Size
20,750 SF
Asset Type
Mixed-use
Closing
Jan 15, 2025
AI
The property sold is located at 928-930 2nd Avenue in the Midtown East market. This mixed-use asset encompasses a total of 20,750 square feet and achieved a sale price of $8,276,000, translating to a price per square foot of $398.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $8,276,000
- Address: 928-930 2nd Avenue
- Market: Midtown East
- Square Footage: 20,750
- Price per Square Foot: $398
- Seller: Gould Investors
- Brokerage Firm: Newmark
- Brokers: Brett Siegel, Eric Roth, and Tyler Signora
This transaction highlights the role of Gould Investors as the seller in this deal, with Brett Siegel, Eric Roth, and Tyler Signora acting as representatives from Newmark facilitating the sale.
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
1.92%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93