JLL Acquires Retail Property At 415 West 13th Street In Meatpacking District, Manhattan For $11.9M
415 West 13th Street
$11,942,000
$1,482/SF
Building Size
8,058 SF
Asset Type
Retail
Closing
Oct 2, 2023
AI
The retail property located at 415 West 13th Street in the Meatpacking District, Manhattan has been sold. The transaction, facilitated by Tom Hall, Hall Oster, Clint Olsen, Braedon Gait, and Stephen Godnick of JLL, concluded on 10/02/2023. The property spans an area of 8,058 square feet and was sold for a total price of $11,942,000, translating to a price per square foot (PPSF) of $1,482.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $11,942,000
- Square Footage: 8,058
- Price per Square Foot (PPSF): $1,482
- Address: 415 West 13th Street, Meatpacking District, Manhattan
- Market: Meatpacking District, Manhattan
Tom Hall, Hall Oster, Clint Olsen, Braedon Gait, and Stephen Godnick of JLL played a key role as the brokers representing the parties involved in the transaction.
Players
New York 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
1.33%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93