David L Picket Acquires Medical Facility On 10th Avenue In Clinton-Hell's Kitchen, Manhattan For $79M | 550 10th Avenue | Lionheart Strategic Management, Wells Fargo | Mixed-use | Sale

Summary

Sale

NEW YORK

Mixed-use

430,000 sqft

A medical facility located at 550 10th Avenue in Clinton - Hell's Kitchen, Manhattan has been sold for a price of $79,018,031. The property has a building square footage (BSF) of 159,390 and a price per BSF (PPBSF) of $496. The total square footage (SF) of the facility is 98,830, with a price per SF (PPSF) of $800. The property has a floor area ratio (FAR) of 6.20 and is classified under tax class 4. It has a lot size of 15,939 and was last sold on April 15, 2019, for a price of $10. The lot dimension is 197.6 feet by 100 feet.

Summary of transaction details

Property Type: Medical Facility
Transaction Amount: $79,018,031
Market: Clinton - Hell's Kitchen, Manhattan
Zoning: C2-8, HY

The buyer of the property is David L Picket, while the seller is Deirdre Cronin.

Players

All
2

Lenders
2

Lionheart Strategic Management

Wells Fargo

Details

Deal Summary

SOLD

IMAGE: 11/12/2021 ADDRESS: 550 10th Avenue MARKET: Clinton - Hell's Kitchen,Manhattan ASSET TYPE: Medical Facility ~ ZONING: C2-8, HY BUYER: David L Picket SELLER: Deirdre Cronin PRICE: $79,018,031 BSF: 159,390 ~ PPBSF: $496 SF: 98,830 ~ PPSF: $800 FAR: 6.20 TAX CLASS: 4 LOT SIZE: 15,939 LAST SALE PRICE: $10 (4/15/2019) LOT DIMENSION: 197.6 ft x 100 ft

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Address550 10th Avenue

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