Lucille Lortel Theatre Foundation Acquires Retail Property In NYC For $5.4M
134 West 18th Street
$5,352,594
$1,011/SF
Building Size
5,290 SF
Asset Type
Retail
Closing
Feb 28, 2023
About this deal
AI
The retail property located at 134 West 18th Street in New York City has been sold for a total price of $5,352,594. The property spans across 5,290 square feet with a price per square foot of $1,012. The transaction took place on February 28, 2023, and the asset was acquired by the Lucille Lortel Theatre Foundation.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $5,352,594
- Address: 134 West 18th Street
- Market: New York City
- Square Footage: 5,290
- Price Per Square Foot: $1,012
The buyer's representative in this transaction was Matthew Lesser & Ravi Kantha from Leslie Garfield. They played a key role in facilitating the sale of the retail property to the Lucille Lortel Theatre Foundation.
Players
Market Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.96%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93