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12 West 18th Street

Shelly Taylor Acquires Office Condo At 12 West 18th Street For $2.25M With J3K Real Estate
SOLDOffice

Shelly Taylor Acquires Office Condo At 12 West 18th Street For $2.25M With J3K Real Estate

12 West 18th Street

$2,250,000

$469/SF

Building Size

4,795 SF

Asset Type

Office

Closing

Jan 23, 2025

AI

The transaction involves an office condo located at 12 West 18th Street in the Flatiron market. The sale price for the property was $2,250,000, encompassing a total square footage of 4,795, resulting in a price per square foot of $469.

Summary of transaction details:

The deal was facilitated by the representatives from both sides, with Jon Kamali, Jeremy Kamali, and Justin Kamali representing the buyer, and Ephraim Setton representing the seller in this transaction.

Players

Jon Kamali

J3K Real Estate

Broker

$139.3M

vol

31 deals

Broker

New York Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.05%

Cash-on-Cash

-2.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93