Shlomit Levy Acquires Mixed Use Property In Clinton - Hell's Kitchen For $7.7M
336 West 46th Street, New York, NY, USA
$7,745,625
$833/SF
Building Size
9,299 SF
Asset Type
Mixed-use
Closing
Mar 10, 2021
About this deal
AI
Two mixed-use properties located at 334 & 336 West 46 Street in the Clinton - Hell's Kitchen neighborhood of Manhattan have been sold in a recent transaction. The properties are zoned as R8, CL, C1-5, allowing for mixed-use development. The buyer, Shlomit Levy, acquired the properties from the seller, Salim Assa, for a price of $7,745,625.
Summary of transaction details:
- Property Type: Mixed Use
- Transaction Amount: $7,745,625
- Market: Clinton - Hell's Kitchen, Manhattan
- Lot Size: 4,020
- Last Sale Price: $9,500,000 (12/24/2013)
- Lot Dimension: 40 ft x 100.42 ft
The properties have a total building square footage of 36,300, resulting in a price per square foot of $213. Additionally, the total lot size is 9,299 square feet, resulting in a price per square foot of land of $833. The properties have a floor area ratio (FAR) of 1.03 and a tax class of 2A.
It is worth noting that the previous sale price of the properties was $9,500,000 on December 24, 2013.
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
2.05%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93