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

Property Image
SOLD
$2,250,000
Jon Kamali
Ephraim Setton
+ 1

New York

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Office4,795 SF
Sold 01/23/2025
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Property Image
SOLD

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

12 West 18th Street

See Similar Deals
Office4,795 SF
Sold 01/23/2025
Jon Kamali
Ephraim Setton
+ 1
Contact now

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:

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
31 deals$139.3M volume
BROKER

Ephraim Setton
R New York
3 deals$7.4M volume
BROKER

Jeremy Kamali
J3K Real Estate
24 deals$9.5M volume(646) 450-5985
BROKER

Justin Kamali
J3K Real Estate
15 deals$2.3M volume(516) 306-2518
BROKER

Details

SOLD
IMAGE: Jon Kamali, Jeremy Kamali, Justin Kamali & Ephraim Setton DATE: 01/23/2025 ADDRESS: 12 West 18th Street MARKET: Flatiron ASSET TYPE: Office Condo BUYER: Shelly Taylor SELLER: Jaycee Johnson & Goodway LLC BUYER'S REP: Jon Kamali (@TheRealJonka), Jeremy Kamali (@JeremyKamali) & Justin Kamali (@JustinKamali) - J3K Real Estate (@J3K_RE) SELLER'S REP: Ephraim Setton - R New York (@RNewYorkRealEstate) SALE PRICE: $2,250,000 SF: 4,795 ~ PPSF: $469

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Deal Type
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