Pro-H Development Acquires Development Site From Wolf Family At 411 West 55th Street For $11M
411 West 55th Street
$11,000,000
$354/SF
Building Size
31,070 SF
Asset Type
Development Site
Closing
Nov 24, 2025
AI
The property asset involved in this transaction is a development site located at 411 West 55th Street in Hell's Kitchen, Manhattan. The sale price for the property was $11,000,000, with a total square footage of 31,070, resulting in a price per square foot of $354.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $11,000,000
- Address: 411 West 55th Street
- Market: Hell's Kitchen, Manhattan
- Square Footage: 31,070
- Price per Square Foot: $354
- Buyer: Pro-H Development
- Seller: Wolf Family
- Seller's Representative: Daniel O'Brien, Brett Siegel, Eric Roth, Maurice Suede & Mike Kavanagh - Newmark
- Buyer's Representatives: Jamison Weiner - Jamison Commercial RE & Robin Schneiderman - Brown Harris Stevens
This transaction highlights the involvement of key industry professionals, including Daniel O'Brien, Brett Siegel, Eric Roth, Maurice Suede, and Mike Kavanagh, representing the seller from Newmark. On the buyer's side, Jamison Weiner from Jamison Commercial RE and Robin Schneiderman from Brown Harris Stevens served as representatives, facilitating the deal for Pro-H Development.
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93