Updated Oct 28, 2024
Reggie Kronstadt Acquires Development Site In Midtown East For $4.8M
310 East 50th Street, New York City, New York 10022, United States
$4,800,000
$1,946/SF
Building Size
2,466 SF
Asset Type
Single Family Residence
Closing
Jan 23, 2022
About this deal
AI
The development site located at 310 East 50th Street in Midtown East has been sold for $4,800,000. The property spans 10,444 square feet and has a price per buildable square foot (PPBSF) of $549. The sale was completed on January 24, 2022.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $4,800,000
- Address: 310 East 50th Street
- Market: Midtown East
- Buildable Square Footage (BSF): 10,444
- Price per Buildable Square Foot (PPBSF): $549
The seller of the development site was the Meyerhoff Family. The buyer, Reggie Kronstadt, represented Krown Point. The transaction was facilitated by Will Conrad from Cushman & Wakefield.
Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Deal FAQ
About $1.9K per square foot on a published $4.8M for 2,466 square feet (2022).
Visit Will Conrad to view all their deals.
Browse New York single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93