Kseniya Meritt Acquires Retail Condo On West 14th St. In Manhattan For $88M
SOLD
$88,000,000
New York
See Similar Deals18,000 SF
Sold 11/29/2020
SOLD
Kseniya Meritt Acquires Retail Condo On West 14th St. In Manhattan For $88M
412 W 14th St, New York, NY 10014, USA
See Similar Deals18,000 SF
Sold 11/29/2020
Summary
NEW YORK
Price Per Square Foot:$4,888
Total Square Footage:18,000 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,693,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$312,645.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$417,164.90
Annual Debt Service$5,005,978.75
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