Updated Oct 25, 2024
Peter Hungerford Acquires Apartment In Clinton - Hell's Kitchen For $5M
313 West 54th Street, New York City, New York 10019, United States
$5,000,000
$433/SF
Building Size
11,540 SF
Asset Type
MultiFamily
Closing
May 12, 2022
About this deal
AI
The property at 313 West 54th Street in Clinton - Hell's Kitchen, Manhattan has been sold for $5,000,000. This apartment is zoned as R8 and has a building square footage (BSF) of 17,633, with a price per BSF (PPBSF) of $283. The total floor area is 11,540 square feet, with a price per square foot (PPSF) of $433.
Summary of transaction details
- Property Type: Apartment
- Transaction Amount: $5,000,000
- Market: Clinton - Hell's Kitchen, Manhattan
- Zoning: R8
The buyer of this property is Peter Hungerford. The FAR (Floor Area Ratio) is 3.94, and the tax class is 2. The lot size is 2,929, and there was an alteration permit issued on 08/26/2015. The dimensions of the lot are 29.17 ft x 100.42 ft.
On the Map
$5,000,000
$433/SF
MultiFamily
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New York MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93