Updated Dec 20, 2023
Rosewood Realty Group Brokers $9M Sale Of Mixed-Use Building In Manhattan
214 West 30th Street, New York City, New York 10001, United States
$9,000,000
$296/SF
Building Size
30,363 SF
Asset Type
MultiFamily
Closing
Mar 10, 2022
About this deal
AI
A 12-story elevator mixed-use building located at 214 West 30th St. in Manhattan has been sold for $9,000,000. The property spans a total of 30,360 square feet, resulting in a price per square foot of $296. The asset consists of 10 floor-through apartments that are a mix of Free Market, Rent Stabilized, and IMD units, as well as one office suite and one commercial space.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $9,000,000
- Address: 214 West 30th St.
- Market: Manhattan
- Size: 30,360 square feet
- Price per Square Foot: $296
The seller of the property is Joseph Monasebian. The transaction was facilitated by Ben Khakshoor from Rosewood Realty Group, who represented the seller. The new ownership plans to occupy two of the apartments for personal use.
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93