Updated Dec 21, 2023
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
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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