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
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