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313 West 54th Street, New Y...

Peter Hungerford Acquires Apartment In Clinton - Hell's Kitchen For $5M
SOLDMultiFamily

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

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.

Players

Peter Hungerford

Buyer

$503M

vol

13 deals

Buyer

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

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93