Marcel Fridman Of Barcel Group Represents Buyer In $5.5M Manhattan Mixed-Use Sale
943 2nd Avenue
$5,500,000
$1,100/SF
Building Size
5,000 SF
Asset Type
Mixed-use
Closing
Jun 22, 2026
AI
The property asset involved in the transaction is a mixed-use building located at 943 2nd Avenue in the Manhattan market. The sale price for the property was $5,500,000, encompassing a total square footage of 5,000, which translates to a price per square foot of $1,100.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $5,500,000
- Square Footage: 5,000
- Price per Square Foot: $1,100
- Address: 943 2nd Avenue
- Market: Manhattan
- Buyer's Representative: Marcel Fridman - Barcel Group
Marcel Fridman represented the buyer in this transaction, facilitating the sale with his expertise and connections in the real estate market.
Players
Market 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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93