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670 9th Avenue, New York Ci...

Updated Dec 21, 2023

Sohn Din Tran Acquires Commercial Real Estate In Clinton - Hell's Kitchen For $5M
SOLDCommercial

Sohn Din Tran Acquires Commercial Real Estate In Clinton - Hell's Kitchen For $5M

670 9th Avenue, New York City, New York 10036, United States

$5,000,000

$624/SF

Building Size

8,008 SF

Asset Type

Commercial

Closing

Feb 15, 2022

About this deal

AI

An alteration 2 permit was issued on July 2, 2015 for the commercial real estate property located at 670 9th Avenue in Clinton - Hell's Kitchen, Manhattan. The property, with a lot size of 1,958 square feet and dimensions of 25.08 ft x 82.17 ft, is zoned as R8 and C1-5. It has a floor area ratio (FAR) of 4.09 and falls under tax class 2B. The property was sold on February 16, 2022 for a price of $5,000,000. The buyer, Sohn Din Tran, purchased the property from the seller, Piao Chu Lin. The building has a total square footage of 8,008 square feet with a price per square foot (PPSF) of $624.

Summary of transaction details

  • Property Type: Commercial Real Estate
  • Transaction Amount: $5,000,000
  • Building Square Footage: 8,008
  • Price per Square Foot (PPSF): $624
  • Lot Size: 1,958
  • Zoning: R8, C1-5

Sohn Din Tran represented themselves in the deal as the buyer. Piao Chu Lin represented themselves as the seller. The sale of the property at 670 9th Avenue in Clinton - Hell's Kitchen, Manhattan was closed on February 16, 2022.

Players

New York Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

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Deal FAQ

About $624 per square foot on a published $5M for 8,008 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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