Updated Sep 18, 2026
BK Developers Acquires Commercial Property At 426 West 55th Street For $8,200,000 From Alan Fried
426 West 55th Street
$8,200,000
$661/SF
Building Size
12,388 SF
Asset Type
Commercial
Closing
Sep 9, 2026
About this deal
AI
The property asset involved in the transaction is located at 426 West 55th Street, in the Hell's Kitchen market of Manhattan. This commercial property has a total square footage of 12,388 and was sold for a price of $8,200,000, translating to a price per square foot of $661.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $8,200,000
- Address: 426 West 55th Street
- Market: Hell's Kitchen, Manhattan
- Square Footage: 12,388
- Price Per Square Foot: $661
- Buyer: BK Developers
- Seller: Alan Fried
- Brokers: Charles Han & Ronald Solarz - Newmark
Key individuals in this transaction include the buyer, BK Developers, and the seller, Alan Fried. The brokers representing this deal were Charles Han and Ronald Solarz from Newmark, facilitating the transaction between the involved parties.
On the Map
$8,200,000
$661/SF
Commercial
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Players
New York Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93