facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Office

/

Sale

/

7 West 18th Street

Office Asset At 7 West 18th Street Sold For $22.75 Million In Union Square
SOLDOffice

Office Asset At 7 West 18th Street Sold For $22.75 Million In Union Square

7 West 18th Street

$22,750,000

$491/SF

Building Size

46,304 SF

Asset Type

Office

Closing

Sep 30, 2024

AI

The property asset involved in this transaction is an office space located at 7 West 18th Street in Union Square. The sale price for the property was $22,750,000, covering a total square footage of 46,304 and resulting in a price per square foot of $491.

Summary of transaction details:

Helan Hwang, Brian Szczapa, and Ian Shoenfeld from Meridian Capital Group represented the involved parties in this transaction, contributing to the successful closing of the deal.

Players

Helen Hwang

Meridian Capital Group

Broker

$2.5B

vol

19 deals

Broker

New York Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.70%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93