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445 West 46th Street, New Y...

Updated Dec 20, 2023

San Dinh Tran Acquires Apartment Building On West 46th Street In Clinton - Hell's Kitchen For $4.9M
SOLDMultiFamily

San Dinh Tran Acquires Apartment Building On West 46th Street In Clinton - Hell's Kitchen For $4.9M

445 West 46th Street, New York City, New York 10036, United States

$4,900,000

$336/SF

Building Size

14,562 SF

Asset Type

MultiFamily

Closing

May 16, 2022

About this deal

AI

An apartment located at 445 West 46th Street in Clinton - Hell's Kitchen, Manhattan has been sold in a transaction dated May 17, 2022. The property, which falls under the R8 zoning category, was purchased by San Dinh Tran from Stephen D. Rosen for a price of $4,900,000.

Summary of transaction details:

  • Property Type: Apartment
  • Transaction Amount: $4,900,000
  • Address: 445 West 46th Street
  • Market: Clinton - Hell's Kitchen, Manhattan
  • Zoning: R8

The apartment spans across 14,562 square feet, with a price per square foot of $336. The total built square footage is 29,221, resulting in a price per built square foot of $167. The lot size measures 4,854 square feet and has dimensions of 48.33 ft x 100.42 ft. The property falls under tax class 2 and has a floor area ratio (FAR) of 3.00.

In terms of permits, an alteration 2 permit was issued on June 16, 2015.

Note: No additional details about the property or transaction are available.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $336 per square foot on a published $4.9M for 14,562 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.24%

Cash-on-Cash

-0.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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