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414 West 42nd Street

Gorjian Real Estate Group Acquires Mixed-Use Property At 414 West 42nd Street For $3.5M
SOLDMixed-use

Gorjian Real Estate Group Acquires Mixed-Use Property At 414 West 42nd Street For $3.5M

414 West 42nd Street

$3,500,000

$381/SF

Building Size

9,180 SF

Asset Type

Mixed-use

Closing

Jun 14, 2026

AI

A mixed-use property located at 414 West 42nd Street in Manhattan was sold for $3.5 million. The asset encompasses a total area of 9,180 square feet, resulting in a price per square foot of approximately $381.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $3,500,000
  • Buyer: Gorjian Real Estate Group
  • Seller: David Roberts - Building for the Arts NY
  • Sale Date: 06/14/2026
  • Square Footage: 9,180
  • Price Per Square Foot: $381

The transaction involved Gorjian Real Estate Group as the buyer and David Roberts representing Building for the Arts NY as the seller in this deal. This exchange highlights the active real estate market in Manhattan.

Players

Justin Gorjian

Gorjian Real Estate Group

Broker

$93.5M

vol

2 deals

Broker

Justin Gorjian

Gorjian Real Estate Group

Buyer

$93.5M

vol

2 deals

Buyer
BN
Building for the Arts NYBuyer

David Roberts

Building for the Arts NY

Seller

$3.5M

vol

1 deal

Seller

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

4.53%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93