Reggie Kronstadt Acquires Mixed-Use Property In Turtle Bay For $9M
932 2nd Avenue, New York, NY, USA
$9,000,000
$1,423/SF
Building Size
6,324 SF
Asset Type
Mixed-use
Closing
Oct 29, 2021
AI
Located at 932 2 Avenue in Turtle Bay, this mixed-use property was recently sold on October 29, 2021. The property spans approximately 6,324 square feet and boasts a price per square foot of $1,423. The transaction price totaled $9,000,000, with a building square footage of 19,400 and a price per building square foot of $463.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $9,000,000
- Address: 932 2 Avenue
- Market: Turtle Bay
Reggie Kronstadt acquired the property from Thomas Ryan in this transaction. The buyer and seller were represented by their respective brokers.
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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93