Updated Dec 18, 2023
Robert Gans Acquires Industrial Property In Hell's Kitchen From Shalom Azani
605 West 45th Street, New York City, New York 10036, United States
$4,500,000
$1,304/SF
Building Size
3,450 SF
Asset Type
Industrial
Closing
Sep 18, 2022
About this deal
AI
The industrial property located at 605 West 45th Street in Hell's Kitchen, Manhattan has been sold for a price of $4,500,000. The property spans approximately 3,450 square feet, resulting in a price per square foot of $1,304.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $4,500,000
- Square Feet: 3,450
- Price per Square Foot: $1,304
- Address: 605 West 45th Street, Hell's Kitchen, Manhattan
- Market: Hell's Kitchen, Manhattan
The buyer of the property is Robert Gans, while the seller is Shalom Azani.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93