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
About this deal
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.
On the Map
$9,500,000
$648/SF
Mixed-use
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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
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93