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241 West 14th Street

Abdiel Capital Acquires Office At 241 West 14th Street Manhattan For $13.05M
SOLDOffice

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

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:

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.

Players

Michael Gembecki

Cushman & Wakefield

Broker

$479.7M

vol

39 deals

Broker
AC
Abdiel CapitalBuyer
ST
Starwood Property TrustSeller

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