Shelly Taylor Acquires Office Condo At 12 West 18th Street For $2.25M With J3K Real Estate
SOLD
New York
See Similar DealsOffice4,795 SF
Sold 01/23/2025
SOLD
Shelly Taylor Acquires Office Condo At 12 West 18th Street For $2.25M With J3K Real Estate
12 West 18th Street
See Similar DealsOffice4,795 SF
Sold 01/23/2025
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$469
Total Square Footage:4,795 SF
Transaction Type:Sale
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:
- Property Type: Office Condo
- Transaction Amount: $2,250,000
- Address: 12 West 18th Street
- Market: Flatiron
- Square Footage: 4,795
- Price Per Square Foot: $469
- Buyer: Shelly Taylor
- Seller: Jaycee Johnson & Goodway LLC
- Buyer's Representative: Jon Kamali, Jeremy Kamali & Justin Kamali - J3K Real Estate
- Seller's Representative: Ephraim Setton - R New York
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$120,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,993.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,666.15
Annual Debt Service$127,993.77
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