Dana Lowey, Eli Dadouch, And Steven Rosenberg Acquire Chelsea Dev Site For $12.65M
214-216 W 15th St, New York, NY 10011, USA & 214-216 W 15th St, New York, NY 10011, USA
Building Size
20,000 SF
Asset Type
Mixed-use
Closing
Jun 7, 2018
About this deal
AI
214-216 West 15th Street, a development site located in Chelsea, Manhattan, has been sold in a closed transaction for a price of $12.650 million. The property spans 10,000 square feet, resulting in a price per square foot of $1,265.
Summary of transation details
- Property Type: Dev Site
- Transaction Amount: $12.650 million
- Address: 214-216 West 15th Street, Chelsea, Manhattan
- Market: Chelsea, Manhattan
- Square Footage: 10,000 sf
- Price per Square Foot: $1,265
The seller of the property was the Archdiocese - Chelsea Church, while the buyer was Dana Lowey of Holliswood along with Firm Capital represented by Eli Dadouch and Steven Rosenberg. The broker involved in the transaction was Rick Pretsfelder.
On the Map
Mixed-use
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New York Mixed-use Market Snapshot
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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