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.
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