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
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
Loading comparables…
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