SOLDOther
Torchlight Investors Acquires Retail Property In Meatpacking District For $21.1M
415 West 13th Street, New York City, New York 10014, United States
$21,106,374
$262/SF
Building Size
80,378 SF
Asset Type
Other
Closing
May 15, 2022
About this deal
AI
The property at 415 West 13th Street in the Meatpacking District has been sold for a total price of $21,106,374. The retail asset spans across 11,166 square feet, resulting in a price per square foot of $1,890.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $21,106,374
- Address: 415 West 13th Street
- Market: Meatpacking District
- Buyer: Torchlight Investors
- Seller: DWS Group
- Total Square Footage: 11,166
- Price per Square Foot: $1,890
The buyer of this property is Torchlight Investors, while the seller is DWS Group.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.75%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93