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Mixed Use

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245 West 18th Street

Steven Gurton, Stefani Berkin & Robert Barr Of R New York Represent Buyer In Chelsea Mixed-Use Sale For $12.35M
SOLDMixed-use

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

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

Raphael De Niro

Douglas Elliman

Broker

$27.8M

vol

4 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

1.28%

Cash-on-Cash

-0.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93