Updated Dec 19, 2023
Thanawan Sristienvong Acquires Multifamily Property In Clinton - Hell's Kitchen, Manhattan From Gary Minor For $3.165M
419 West 50th Street, New York City, New York 10019, United States
$3,165,000
$1,269/SF
Building Size
2,494 SF
Asset Type
MultiFamily
Closing
Mar 30, 2022
About this deal
AI
The multifamily property located at 419 West 50th St in the Clinton - Hell's Kitchen neighborhood of Manhattan has been sold. The transaction took place on March 31, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,165,000
- Address: 419 West 50th St
- Market: Clinton - Hell's Kitchen, Manhattan
The buyer of the property is Thanawan Sristienvong, while the seller is Gary Minor.
The property has a building square footage (BSF) of 10,077, resulting in a price per BSF of $314. With a total square footage of 2,494, the price per square foot (PPSF) stands at $1,269. The property has a floor area ratio (FAR) of 1.49 and belongs to tax class 1.
Additional property details include a lot size of 1,674 square feet and lot dimensions measuring 16.67 feet by 100.42 feet. The property has undergone an alteration permit on September 24, 1997.
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
5.01%
Cash-on-Cash
-1.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93