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412 W 14th St, New York, NY...

Kseniya Meritt Acquires Retail Condo On West 14th St. In Manhattan For $88M
SOLD

Kseniya Meritt Acquires Retail Condo On West 14th St. In Manhattan For $88M

412 W 14th St, New York, NY 10014, USA

$88,000,000

$4,888/SF

Building Size

18,000 SF

Asset Type

Closing

Nov 28, 2020

AI

The retail condo located at 412 West 14th Street in Manhattan has been sold for a whopping price of $88,000,000. Spanning across 18,000 square feet, the property was sold at a per square foot price of $4,900.

Summary of transaction details

  • Property Type: Retail Condo
  • Transaction Amount: $88,000,000
  • Square Footage: 18,000 sf
  • Price per Square Foot: $4,900
  • Address: 412 West 14th Street, New York
  • Market: Manhattan

The sellers of the property were Thor Equities CEO Joe Sitt and Premier Equities CEO Yaron Jacobi. On the other hand, the buyers were UIR's NY retail investment head Kseniya Meritt and [No additional details available regarding the buyer's representative].

Players

Adam Spies
Verified Badge

Adam Spies

Newmark

Broker

$72.8B

vol

269 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage

New York CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.18%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93