David Werner Real Estate Investments Purchases 311 West 43rd Street In Hell's Kitchen For $42M
311 West 43rd Street
$42,000,000
$279/SF
Building Size
150,110 SF
Asset Type
Condo
Closing
Jun 18, 2026
About this deal
AI
The transaction involved the acquisition of three commercial condominium units located at 311 West 43rd Street, situated in Hell’s Kitchen, Manhattan. The total sale price was $42,000,000, and the property encompasses a total square footage of 150,110, resulting in a price per square foot of $280.
Summary of transaction details:
- Property Type: Commercial Condo
- Transaction Amount: $42,000,000
- Address: 311 West 43rd Street
- Market: Hell’s Kitchen, Manhattan
- Buyer: David Werner - David Werner Real Estate Investments
- Seller: Stuart Shiff - DivcoWest
- Square Footage: 150,110
- Price Per Square Foot: $280
David Werner, representing David Werner Real Estate Investments, completed the purchase from Stuart Shiff, who represented DivcoWest in the transaction. This acquisition signifies a strategic investment in the commercial real estate market within this area of Manhattan.
On the Map
$42,000,000
$279/SF
Condo
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Market Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $279 per square foot on a published $42M for 150,110 square feet (2026).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93