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317 East 14th Street

David Luft Sells Mixed-Use Property At 317 And 319 East 14th Street For $6.2M
SOLDMixed-use

David Luft Sells Mixed-Use Property At 317 And 319 East 14th Street For $6.2M

317 East 14th Street & 319 East 14th Street

$6,200,000

$271/SF

Building Size

22,870 SF

Asset Type

Mixed-use

Closing

Sep 17, 2024

AI

A mixed-use property located at 317 East 14th Street & 319 East 14th Street in the Gramercy Park market has been sold for $6,200,000. The asset encompasses a total square footage of 11,435, resulting in a price per square foot of $542.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $6,200,000
  • Square Footage: 11,435
  • Price per Square Foot: $542
  • Address: 317 East 14th Street & 319 East 14th Street
  • Market: Gramercy Park
  • Seller: David Luft
  • Broker Representatives: Michael Ferrara & Cole Kinney Leonhardt - Brax Realty

This transaction was supported by Christine E., who played a key role in facilitating the deal's completion, ensuring it reached the finish line successfully.

Players

Michael Ferrara

Brax Realty

Broker

$411.9M

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

2.56%

Cash-on-Cash

-0.73%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93