Leon Hedvat Purchases Office In Chelsea Manhattan From Walter And Samuels For $6.33M
242 West 27th Street
$6,326,000
$423/SF
Building Size
14,952 SF
Asset Type
Office
Closing
Jul 16, 2026
About this deal
AI
The office property located at 242 West 27th Street in Chelsea, Manhattan was sold for $6,326,000. The asset encompasses a total area of 14,952 square feet, with a price per square foot of $423.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $6,326,000
- Buyer: Leon Hedvat
- Seller: Walter and Samuels
- Brokers: David Schechtman, Henry Barnathan & Jonathan (Jon) Schwartz - Meridian Capital Group
The transaction featured notable individuals including buyer Leon Hedvat and seller representatives Walter and Samuels. The deal was facilitated by brokers David Schechtman, Henry Barnathan, and Jonathan Schwartz from Meridian Capital Group, showcasing a collaborative effort in the successful closing of this property transaction.
On the Map
$6,326,000
$423/SF
Office
View full map
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Jonathan (Jon) Schwartz to view all their deals.
Browse New York office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.51%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93