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KSR Capital Acquires Retail Property At 12 West 18th Street In Flatiron For $1.75M

Property Image
SOLD
$1,750,000
Thomas Gorman Jr.
Michael Scrima
+ 2

New York

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Retail1,400 SF
Sold 06/25/2024
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Property Image
SOLD

KSR Capital Acquires Retail Property At 12 West 18th Street In Flatiron For $1.75M

12 West 18th Street

See Similar Deals
Retail1,400 SF
Sold 06/25/2024
Thomas Gorman Jr.
Michael Scrima
+ 2
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$1,250
Total Square Footage:1,400 SF
Transaction Type:Sale

The retail asset located at 12 West 18th Street, Unit 1w in the Flatiron market of Manhattan has been sold for $1,750,000. The property encompasses an area of 1,400 square feet, translating to a price per square foot of $1,250.

Summary of transaction details:

The transaction was facilitated by the respective representatives, with Dorell Melloul and Marc Sitt representing KSR Capital, while the sellers were represented by Tim Skelly, Michael Scrima, and Thomas Gorman Jr. from Redwood Realty Advisors, showcasing the collaboration between the involved agencies in concluding this deal.

Players

Marc Sitt
64 deals$272.9M volume(917) 757-8863
BROKER

Michael Scrima
Houlihan Lawrence Commercial
60 deals$214.1M volume
BROKER

Dorel Melloul
Kassin Sabbagh Realty
32 deals$4.8M volume
BROKER

Thomas Gorman Jr.
Houlihan Lawrence Commercial
62 deals$240M volume(914) 205-2020
BROKER

Tim Skelly
Redwood Realty Advisors
5 deals$7.2M volume
BROKER

Details

SOLD
IMAGE: Tim Skelly, Michael Scrima & Thomas Gorman Jr. DATE: 06/25/2024 ADDRESS: 12 West 18th Street, Unit 1w MARKET: Flatiron, Manhattan ASSET TYPE: Retail BUYER: KSR Capital SELLER: Quirino Madia BUYER'S REP: Dorell Melloul & Marc Sitt - Kassin Sabbagh Realty SELLER'S REP: Tim Skelly, Michael Scrima & Thomas Gorman Jr. (@ThomasGorman) - Redwood Realty Advisors (@RedwoodRealtyAdvisors) SALE PRICE: $1,750,000 SF: 1,400 ~ PPSF: $1,250 Sitt

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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