Gemini Rosemont Acquires Parsonage In East Village From Roman Catholic Church For $40M
SOLD
$40,000,000
New York
See Similar DealsOther64,997 SF
Sold 03/16/2020
SOLD
Gemini Rosemont Acquires Parsonage In East Village From Roman Catholic Church For $40M
42 2nd St, North Attleborough, Ma 02760, Usa
See Similar DealsOther64,997 SF
Sold 03/16/2020
Summary
NEW YORK
Asset Type:Other
Price Per Square Foot:$615
Total Square Footage:64,997 SF
Transaction Type:Sale
The property involved in this transaction is a Parsonage located at 42 2nd Avenue and 46 2nd Avenue in the East Village. It was sold for a price of $40,000,000. The total square footage of the property is 64,997, resulting in a price per square foot of $615.
Summary of transaction details
- Property Type: Parsonage
- Transaction Amount: $40,000,000
- Address: 42 2nd Avenue, 46 2nd Avenue
- Market: East Village
- Square Footage: 64,997
- Price per Square Foot: $615
The buyer in this transaction is Gemini Rosemont, while the seller is the Roman Catholic Church.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$142,111.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$189,620.41
Annual Debt Service$2,275,444.88
Is there something missing? Send suggestions