Paul Faglione Purchases Retail Space From Ascot Properties For $2.95M In Tribeca
51 Warren Street
$2,950,000
$631/SF
Building Size
4,674 SF
Asset Type
Retail
Closing
Jun 1, 2026
AI
The property asset involved in the transaction is a retail space located at 51 Warren Street in the Tribeca area of Manhattan. The sale price for this asset was $2,950,000, and it encompasses a total square footage of 4,674. The price per square foot for this transaction is $631.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,950,000
- Address: 51 Warren Street
- Market: Tribeca, Manhattan
- Square Footage: 4,674
- Price Per Square Foot: $631
- Buyer: Paul Faglione
- Seller: Ascot Properties
- Broker: Matthew Marshall - Marshall Real Estate
This transaction was facilitated by Matthew Marshall, who represented the buyer, Paul Faglione, throughout the deal. The seller, Ascot Properties, was also a key participant in the transaction process, ensuring a successful sale of the retail property.
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.38%
Cash-on-Cash
-1.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93