James C Halpin Acquires Commercial Property In Clinton - Hell's Kitchen, Manhattan For $4.6M

The commercial property located at 608 West 48th Street in Clinton - Hell's Kitchen, Manhattan was sold on September 14, 2022. The property is zoned as M2-4 and has a lot size of 2,510 square feet, with dimensions of 25 feet by 100.42 feet. The building has a total square footage of 4,920 and a buildable square footage (BSF) of 12,550. The price for the property was $4,600,000, which translates to a price per square foot (PPSF) of $934. The price per buildable square foot (PPBSF) is $366. The property's floor area ratio (FAR) is 1.96, and it falls under tax class 4. The previous sale of the property occurred on March 14, 2019, for a price of $5,500,000. An alteration 2 permit was issued for the property on October 3, 2019.

Summary of transaction details

• Property Type: Commercial
• Transaction Amount: $4,600,000
• Market: Clinton - Hell's Kitchen, Manhattan
• Zoning: M2-4
• Lot Size: 2,510 square feet
• BSF: 12,550 square feet
• PPBSF: $366
• Square Footage: 4,920
• PPSF: $934
• FAR: 1.96
• Tax Class: 4
• Last Sale Price: $5,500,000 (03/14/2019)
• Permits: Alteration 2 (10/03/2019)
• Lot Dimension: 25 ft x 100.42 ft

The buyer of the property was James C Halpin, and the seller was John Young.