Luke Pak Acquires Other Residential Property On West 57th Street In Clinton - Hell's Kitchen, Manhattan For $10.2M
353 West 57th Street, New York City, New York 10019, United States
$10,163,750
$22,047/SF
Building Size
461 SF
Asset Type
Co-Op
Closing
Mar 1, 2023
About this deal
AI
The property involved in this closed transaction is located at 353 West 57th Street in the Clinton - Hell's Kitchen neighborhood of Manhattan. The property is classified as Other Residential and falls under the zoning designations of C6-4 and C1-8. The transaction took place on January 3, 2023. The buyer, Luke Pak, acquired the property from the seller, Cheryl Airsch. The sale price for this transaction was $10,163,750.
Summary of Transaction Details
- Property Type: Other Residential
- Transaction Amount: $10,163,750
- Market: Clinton - Hell's Kitchen, Manhattan
- Zoning: C6-4, C1-8
- Buyer: Luke Pak
- Seller: Cheryl Airsch
The property has a total building square footage (BSF) of 290,990 and a price per BSF (PPBSF) of $34. The lot size is 29,100 square feet, with a lot dimension of 461,801. The property's price per square foot (PPSF) is $22. The floor area ratio (FAR) for this property is 15.87.
Players
New York Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
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Deal FAQ
About $22K per square foot on a published $10.2M for 461 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.56%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93