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37 King St, New York, NY 10...

Paul Giddins Acquires Multifamily Property In Hudson Square, Manhattan For $7.2M
SOLDMultiFamily

Paul Giddins Acquires Multifamily Property In Hudson Square, Manhattan For $7.2M

37 King St, New York, NY 10014, USA

Building Size

20,035 SF

Asset Type

MultiFamily

Closing

Nov 25, 2017

AI

A multifamily property located at 19 Charlton Street in Hudson Square, Manhattan has been sold. The transaction took place on January 10, 2023. The property is zoned as R6, and it falls under the tax class 1 category. The lot size is 2,333 square feet with dimensions of 23.33 feet x 100 feet. The property has a floor area ratio (FAR) of 1.76.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $7,200,000
  • Market: Hudson Square, Manhattan
  • Buyer: Paul Giddins
  • Seller: Jeffrey D Zukerman

The buyer, Paul Giddins, successfully acquired the property from the seller, Jeffrey D Zukerman. The sale price for the property was $7,200,000. The building has a total square footage of 4,151, and the price per square foot is $1,734. The building's gross square footage is 5,667, and the price per gross square foot is $1,270. The property has previously undergone an alteration permit on October 31, 2013.

Players

Paul M. Giddins

Buyer

$14M

vol

2 deals

Buyer

Jeffrey D. Zukerman

Seller

$18M

vol

4 deals

Seller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93