256 Chelsea Acquires 256 W 15th St In New York For $14.1 Million
256 W 15th St, New York, NY, 10011
$14,100,000
$1,080/SF
Building Size
13,056 SF
Asset Type
—
Closing
Nov 19, 2023
AI
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:
- Property Type: Sale
- Transaction Amount: $14,100,000.00
- Address: 256 W 15th St, New York, NY, 10011
- Square Footage: 13,056
- Seller: 256 West 15th Street Realty
- Buyer: 256 Chelsea
- Seller's Representative: David Horowitz, Christopher "Chris" Okada - Okada & Company, David Khorshad, David Mahoney - CBRE
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
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93