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51 Warren Street

Paul Faglione Purchases Retail Space From Ascot Properties For $2.95M In Tribeca
SOLDRetail

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.

Players

Matthew Marshall

Marshall Real Estate

Broker

$147.4M

vol

27 deals

Broker
AP
Ascot PropertiesSeller

New York Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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