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
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