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
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