Peter Hungerford Acquires Apartment In Clinton - Hell's Kitchen, Manhattan For $6.6M
311 West 54th Street, New York City, New York 10019, United States
$6,600,000
$571/SF
Building Size
11,540 SF
Asset Type
MultiFamily
Closing
May 12, 2022
AI
An apartment building located at 311 West 54th Street in the Clinton - Hell's Kitchen neighborhood of Manhattan has been sold in a closed transaction. The property, which falls under the R8 zoning category, was purchased by Peter Hungerford.
Summary of transation details
- Property Type: Apartment
- Transaction Amount: $6,600,000
- Building Square Footage: 11,540
- Price per Square Foot: $571
- Total Building Square Footage (BSF): 17,633
- Price per BSF: $374
- Lot Size: 2,929
- Lot Dimension: 29.17 ft x 100.42 ft
- Floor Area Ratio (FAR): 3.94
- Tax Class: 2
- Permits: Alteration 1 (09/22/2011)
The apartment building is situated on a lot with a dimension of 29.17 ft x 100.42 ft and offers a total floor area ratio of 3.94. It is classified under tax class 2 and was subject to alteration permits in 2011.
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
2.40%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93