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315 West 54th Street, New Y...

Peter Hungerford Acquires Apartment Building In Clinton - Hell's Kitchen, Manhattan For $8.2M
SOLDMultiFamily

Peter Hungerford Acquires Apartment Building In Clinton - Hell's Kitchen, Manhattan For $8.2M

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

$8,200,000

$710/SF

Building Size

11,536 SF

Asset Type

MultiFamily

Closing

May 12, 2022

AI

The property at 315 West 54th Street, located in Clinton - Hell's Kitchen, Manhattan, was recently sold in a closed transaction. The asset is an apartment building with a zoning classification of R8. The sale took place on 05/13/2022, and the buyer of the property is Peter Hungerford.

Summary of transaction details

  • Property Type: Apartment
  • Transaction Amount: $8,200,000
  • Address: 315 West 54th Street
  • Market: Clinton - Hell's Kitchen, Manhattan
  • Zoning: R8

The property has a building square footage (BSF) of 17,627, with a price per BSF (PPBSF) of $465. The total square footage (SF) of the property is 11,536, with a price per square foot (PPSF) of $710. The FAR (Floor Area Ratio) is 3.94, and the tax class is 2.

Additional details about the property include a lot size of 2,928, permits for alteration 1 dated 12/03/2014, and lot dimensions measuring 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

1.93%

Cash-on-Cash

-0.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93