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134 West 18th Street

Lucille Lortel Theatre Foundation Acquires Retail Property In NYC For $5.4M
SOLDRetail

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

Matthew Lesser

Leslie Garfield

Broker

$579.5M

vol

40 deals

Broker

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