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14 Maiden Lane, New York Ci...

Cushman & Wakefield Sell Mixed-Use Property On Maiden Lane In Financial District For $9.5M
SOLDMixed-use

Cushman & Wakefield Sell Mixed-Use Property On Maiden Lane In Financial District For $9.5M

14 Maiden Lane, New York City, New York 10038, United States

$9,500,000

$648/SF

Building Size

14,651 SF

Asset Type

Mixed-use

Closing

Jan 13, 2022

AI

An office and retail mixed-use property located at 14 Maiden Lane in the Financial District was recently sold for a transaction amount of $9,500,000. The property spans over 14,645 square feet, resulting in a price per square foot of $648.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $9,500,000
  • Address: 14 Maiden Lane
  • Market: Financial District
  • Square Footage: 14,645
  • Price per Square Foot: $648

The buyer of the property was represented by Thomas Guss from New York Residence Inc. On the other hand, the seller was represented by Michael F. DeCheser, Bryan F. Hurley, Maurice Suede, and Daniel Soyak from Cushman & Wakefield.

Players

Dan Soyak

Cushman & Wakefield

Broker

$115.8M

vol

14 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

1.67%

Cash-on-Cash

-0.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93