Peter Hungerford Acquires Apartment In Clinton - Hell's Kitchen For $8.4M
309 West 54th Street, New York City, New York 10019, United States
$8,400,000
$727/SF
Building Size
11,540 SF
Asset Type
MultiFamily
Closing
May 12, 2022
AI
The property at 309 West 54th Street in Clinton - Hell's Kitchen, Manhattan, has been sold in a closed transaction. The apartment is zoned as R8 for residential use and C6-4 for commercial use. The sale took place on 05/13/2022.
Summary of transaction details:
- Property Type: Apartment
- Transaction Amount: $8,400,000
- Market: Clinton - Hell's Kitchen
The buyer of the property is Peter Hungerford. The property was sold at a price of $8,400,000, with a building square footage (BSF) of 17,633. The price per building square footage (PPBSF) is $476. The total square footage (SF) of the property is 11,540, with a price per square footage (PPSF) of $727.
The property has a floor area ratio (FAR) of 3.94 and falls under tax class 2. The lot size is 2,929 and the lot dimensions are 29.17 ft x 100.42 ft. The property has previously obtained an alteration permit (Alteration 2) on 04/22/2015.
Players
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
1.89%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93