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256 Chelsea Acquires 256 W 15th St In New York For $14.1 Million

Property Image
SOLD
$14,100,000
David Khorshad
Christopher (Chris) Okada
+ 1

New York

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13,056 SF
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Property Image
SOLD

256 Chelsea Acquires 256 W 15th St In New York For $14.1 Million

256 W 15th St, New York, NY, 10011

See Similar Deals
13,056 SF
David Khorshad
Christopher (Chris) Okada
+ 1
Contact now

Summary

NEW YORK
Price Per Square Foot:$1,080
Total Square Footage:13,056 SF
Transaction Type:Sale

The property asset involved in the transaction is located at 256 W 15th St, New York, NY, 10011. This asset was sold for $14,100,000.00 and comprises a total of 13,056 square feet within the New York market.

Summary of transaction details:

The key individuals involved in this transaction include multiple representatives from distinct brokerage firms. The sellers were represented by David Horowitz, Christopher "Chris" Okada from Okada & Company, along with David Khorshad and David Mahoney from CBRE, highlighting the collaborative effort behind the sale.

Players

Christopher (Chris) Okada
84 deals$352.8M volume
BROKER

David Khorshad
5 deals$25.3M volume
BROKER

David  Horowitz
Cooper Horowitz
17 deals$578.6M volume
BROKER

David Mahoney
CBRE
5 deals$14.1M volume(312) 935-1964
BROKER

Details

SOLD
IMAGE: 256 W 15th St, New York, NY, 10011 MARKET: New York SELLER'S REP: David Horowitz, Christopher "Chris" Okada-Okada & Company, David Khorshad, David Mahoney-CBRE BUYER: 256 Chelsea SELLER: 256 West 15th Street Realty PRICE: $14,100,000.00 SF: 13056

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$751,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$50,094.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$66,841.19
Annual Debt Service$802,094.32