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257 West 19th Street, New Y...

Updated Dec 21, 2023

Snir David Acquires Commercial Property In Chelsea, Manhattan For $5.2M
SOLDCommercial

Snir David Acquires Commercial Property In Chelsea, Manhattan For $5.2M

257 West 19th Street, New York City, New York 10011, United States

$5,226,000

$626/SF

Building Size

8,345 SF

Asset Type

Commercial

Closing

Apr 17, 2022

About this deal

AI

The commercial property located at 257 West 19th Street in Chelsea, Manhattan has been sold for $5,226,000. The property has a building size of 8,345 square feet and a price per square foot of $626. The buyer, Snir David, acquired the property from the seller, Joan Warren Jackson. The property has a lot size of 3,828 square feet and is zoned as R8B, C6-2A. The transaction took place on April 18, 2022.

Summary of transaction details:

  • Property Type: Commercial
  • Transaction Amount: $5,226,000
  • Building Size: 8,345 square feet
  • Price Per Square Foot: $626
  • Buyer: Snir David
  • Seller: Joan Warren Jackson
  • Lot Size: 3,828 square feet
  • Zoning: R8B, C6-2A

The property at 257 West 19th Street was sold to Snir David by Joan Warren Jackson. The transaction included an alteration permit issued on July 30, 2009. The lot dimension of the property is 27.5 feet by 105.08 feet. The property is classified as tax class 4 and has a floor area ratio (FAR) of 2.18.

Players

New York Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

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Deal FAQ

About $626 per square foot on a published $5.2M for 8,345 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.04%

Cash-on-Cash

-0.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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