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313 West 53rd Street, New Y...

Updated Dec 21, 2023

Amazis Solomon Acquires Mixed-Use Property On 313 West 53 Street, Clinton - Hell's Kitchen, Manhattan For $3.2M
SOLDMixed-use

Amazis Solomon Acquires Mixed-Use Property On 313 West 53 Street, Clinton - Hell's Kitchen, Manhattan For $3.2M

313 West 53rd Street, New York, NY, USA

$3,200,000

$992/SF

Building Size

3,225 SF

Asset Type

Mixed-use

Closing

Oct 4, 2021

About this deal

AI

The mixed-use property located at 313 West 53 Street in Clinton - Hell's Kitchen, Manhattan was recently sold for a price of $3,200,000. The property, with a total square footage of 3,225, features a gross buildable square footage (BSF) of 4,575, resulting in a price per BSF (PPBSF) of $699. The price per square foot (PPSF) stands at $992. The property is zoned as R8, CL, and C1-5, allowing for mixed-use development.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $3,200,000
  • Address: 313 West 53 Street, Clinton - Hell's Kitchen, Manhattan
  • Market: Clinton - Hell's Kitchen, Manhattan
  • Buyer: Amazis Solomon
  • Seller: Barry Landsman

The buyer, Amazis Solomon, acquired the property from the seller, Barry Landsman. The property's floor area ratio (FAR) is 4.24 and falls under tax class 4. The lot size measures 760 square feet, with dimensions of 25 feet by 30.83 feet. The property was previously sold for $0 on October 22, 1998.

Players

Barry Landsman

Seller

$28.9M

vol

2 deals

Seller

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $992 per square foot on a published $3.2M for 3,225 square feet (2021).

Visit Barry Landsman to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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