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415 West 13th Street

JLL Acquires Retail Property At 415 West 13th Street In Meatpacking District, Manhattan For $11.9M
SOLDRetail

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

Clint Olsen

JLL

Broker

$702.9M

vol

22 deals

Broker

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