Updated Dec 21, 2023
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
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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