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
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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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