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

BonChonChicken Acquires Mixed-Use Property In Manhattan For $13M
SOLDMixed-use

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

Elad Dror

PD Properties

Broker

$191.5M

vol

12 deals

Broker

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93