facebook
Traded Co logo
Submit

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

Property Image
SOLD
$5,000,000

New York

See Similar Deals
MultiFamily11,540 SF
Sold 05/13/2022
the dealplayerscompscontact
Property Image
SOLD

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

313 West 54th Street, New York City, New York 10019, United States

See Similar Deals
MultiFamily11,540 SF
Sold 05/13/2022
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$433
Total Square Footage:11,540 SF
Transaction Type:Sale

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
Peter Hungerford
12 deals$503M volume
BUYER

Details

SOLD
IMAGE: 05/13/2022 ADDRESS: 313 West 54th Street MARKET: Clinton - Hell's Kitchen, Manhattan ASSET TYPE: Apartment ~ ZONING: R8 BUYER: Peter Hungerford PRICE: $5,000,000 BSF: 17,633 ~ PPBSF: $283 SF: 11,540 ~ PPSF: $433 FAR: 3.94 TAX CLASS: 2 LOT SIZE: 2,929 PERMITS: Alteration 2 (08/26/2015) LOT DIMENSION: 29.17 ft x 100.42 ft

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$266,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61