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426 West 55th Street

Updated Sep 18, 2026

BK Developers Acquires Commercial Property At 426 West 55th Street For $8,200,000 From Alan Fried
SOLDCommercial

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

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$8,200,000

$661/SF

Commercial

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Players

Ronald Solarz

Newmark

Broker

$214.4M

vol

14 deals

Broker
BD
BK DevelopersBuyer
Alan Friedman

Alan Friedman

Seller

$14.3M

vol

4 deals

Seller
Bilt advertisement

New York Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

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Deal FAQ

About $661 per square foot on a published $8.2M for 12,388 square feet (2026).

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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

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