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:
- 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.
Players
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