Updated Dec 19, 2023
Van D Fox Acquires Multi Family Property On West 47 Street In Clinton - Hell's Kitchen, Manhattan For $4.1M
351 West 47th Street, New York City, New York 10036, United States
$4,100,000
$502/SF
Building Size
8,165 SF
Asset Type
MultiFamily
Closing
Oct 27, 2021
About this deal
AI
A multi-family property located at 351 West 47 Street in Clinton - Hell's Kitchen, Manhattan has been sold. The property is zoned as R8, CL and has a lot size of 2,044 with dimensions of 21 ft x 100.42 ft. The transaction took place on October 28, 2021, with a sale price of $4,100,000. The building has a total square footage of 8,165 and a buildable square footage of 12,305. The price per square foot for the property is $502, and the price per buildable square foot is $333. The property has a floor area ratio (FAR) of 3.99 and falls under tax class 2B. The previous sale of the property was recorded on November 22, 1983, for $0.
Summary of transaction details:
- Property Type: Multi Family
- Transaction Amount: $4,100,000
- Market: Clinton - Hell's Kitchen, Manhattan
- Zoning: R8, CL
- Lot Size: 2,044
- Lot Dimension: 21 ft x 100.42 ft
- Total Square Footage: 8,165
- Buildable Square Footage: 12,305
- Price per Square Foot: $502
- Price per Buildable Square Foot: $333
- Floor Area Ratio (FAR): 3.99
- Tax Class: 2B
- Last Sale Price: $0 (11/22/1983)
The buyer of the property is Van D Fox, and the seller is Owen Wincig.
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
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93