130-132 W. 18 LLC Acquires Mixed-use Property In Chelsea For $9.4M
130-132 West 18th Street, New York City, New York 10011, United States
$9,400,000
$1,188/SF
Building Size
7,912 SF
Asset Type
Mixed-use
Closing
Apr 10, 2022
AI
The mixed-use property located at 130-132 West 18th Street in Chelsea has been sold. The transaction took place on April 11, 2022. The property, spanning 7,912 square feet, was purchased by 130-132 W. 18 LLC for a total sale price of $9,400,000. This equates to a price per square foot of $1,188.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $9,400,000
- Buyer: 130-132 W. 18 LLC
- Seller: Jane Doyle
The buyer, 130-132 W. 18 LLC, completed the acquisition of the property from Jane Doyle. This transaction represents a significant investment in the Chelsea market, indicating confidence in the area's potential for growth and development.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.69%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93