Steven Gurton, Stefani Berkin & Robert Barr Of R New York Represent Buyer In Chelsea Mixed-Use Sale For $12.35M
245 West 18th Street
$12,347,500
$2,116/SF
Building Size
5,834 SF
Asset Type
Mixed-use
Closing
Nov 21, 2024
About this deal
AI
The mixed-use property located at 245 West 18th Street in the Chelsea market has been sold for a total transaction amount of $12,347,500. The asset offers a total square footage of 5,834, bringing the price per square foot to approximately $2,116.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $12,347,500
- Address: 245 West 18th Street
- Market: Chelsea
- Square Footage: 5,834
- Price per Square Foot: $2,116
The buyer's representatives Steven Gurton, Stefani Berkin, and Robert Barr belong to the agency R New York, while the seller's representatives Raphael De Niro, James C. Flowers, and Katherine Stroud Shechtman are affiliated with Douglas Elliman.
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
1.28%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93