Henegan Construction Sells Development Site On 250 West 30th Street In Chelsea For $15.9M
SOLD
$15,875,000
+ 3
New York
See Similar DealsDevelopment Site
Sold 12/22/2023
SOLD
Henegan Construction Sells Development Site On 250 West 30th Street In Chelsea For $15.9M
250 West 30th Street
See Similar DealsDevelopment Site
Sold 12/22/2023
+ 3
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Sale
A development site in Chelsea, Manhattan has been sold for $15,875,000. The property, located at 250 West 30th Street, encompasses a total of 49,375 square feet. The sale price translates to approximately $322 per square foot.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $15,875,000
- Address: 250 West 30th Street
- Market: Chelsea, Manhattan
- Seller: Henegan Construction
- Brokers: Victor Sozio, Shimon Shkury & Howard Raber - Ariel Property Advisors; Harold Bordwin, Matthew Bordwin & Heather Milazzo - Keen-Summit Capital Partners LLC
- BSF: 49,375
- PPBSF: $322
The sale of this development site was facilitated by a team of brokers. Representing Ariel Property Advisors were Victor Sozio, Shimon Shkury, and Howard Raber. Keen-Summit Capital Partners LLC was represented by Harold Bordwin, Matthew Bordwin, and Heather Milazzo.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$846,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$56,400.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$75,255.60
Annual Debt Service$903,067.19
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