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214-216 W 15th St, New York...

Dana Lowey, Eli Dadouch, And Steven Rosenberg Acquire Chelsea Dev Site For $12.65M
SOLDMixed-use

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

120,000 SF

Asset Type

Mixed-use

Closing

Jun 7, 2018

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.

Players

Ari Hirt

Walker & Dunlop

Broker

$3.1B

vol

28 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