Abdiel Capital Acquires Office At 241 West 14th Street Manhattan For $13.05M
241 West 14th Street
$13,050,000
$1,059/SF
Building Size
12,320 SF
Asset Type
Office
Closing
May 15, 2026
About this deal
AI
The property asset involved in the transaction is located at 241 West 14th Street in Manhattan. This office asset encompasses a total square footage of 12,320 and was sold for a price of $13,050,000, resulting in a price per square foot of $1,059.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $13,050,000
- Square Footage: 12,320
- Price Per Square Foot: $1,059
- Buyer: Abdiel Capital
- Seller: Starwood Property Trust
- Seller's Representative: Andrew Berry, Bobby Carrozzo & Michael Gembecki - Cushman & Wakefield
The transaction involved Abdiel Capital as the buyer, acquiring the property from Starwood Property Trust. The deal was facilitated by Andrew Berry, Bobby Carrozzo, and Michael Gembecki, representing the seller through Cushman & Wakefield.
On the Map
$13,050,000
$1,059/SF
Office
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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
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93