BonChonChicken Acquires Mixed-Use Property In Manhattan For $13M
131 W 14th St, New York, NY 10011, USA
Building Size
115,500 SF
Asset Type
Mixed-use
Closing
Mar 20, 2018
AI
The mixed-use property located at 131 West 14th Street in Manhattan has been sold for a total price of $13,000,000. The property spans across 11,550 square feet, resulting in a price per square foot of $1,125.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $13,000,000
- Address: 131 West 14th Street, New York
- Market: Manhattan
- Square Footage: 11,550 sf
- Price per Square Foot: $1,125
The seller of the property was Rich Dasilva, while the buyer was Jinkduk Seo, representing @BonChonChicken. The transaction was facilitated by brokers Sean Lefkovits and John Florek of @HPNY_ & Elad Dror.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93