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
11,435 SF
Asset Type
Mixed-use
Closing
Sep 17, 2024
About this deal
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
Loading comparables…
Deal FAQ
Visit Cole Kinney Leonhardt to view all their deals.
Browse New York mixed use sales on Traded.
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