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
About this deal
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].
On the Map
$88,000,000
$4,888/SF
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Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $4.9K per square foot on a published $88M for 18,000 square feet (2020).
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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