Anthony Simari Acquires Multifamily Property In Clinton - Hell's Kitchen, Manhattan For $4.32M

The multifamily property located at 694 9th Avenue in Clinton - Hell's Kitchen, Manhattan has been sold in a recent transaction. The property is zoned as R8, CL, C1-5, allowing for various uses. The sale took place on October 20, 2021, with a purchase price of $4,320,000. The property has a building square footage (BSF) of 15,098, equating to a price per BSF of $286. The total square footage (SF) of the property is 6,621, with a price per SF of $652. The lot size is 2,508 square feet, measuring 25.08 ft x 100 ft.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $4,320,000
• Market: Clinton - Hell's Kitchen, Manhattan
• Zoning: R8, CL, C1-5
• BSF: 15,098
• PPBSF: $286
• SF: 6,621
• PPSF: $652
• Lot Size: 2,508
• Lot Dimension: 25.08 ft x 100 ft

Anthony Simari served as the buyer in this transaction, while Mordechai Rosenblum acted as the seller. The property was purchased at a price of $4,320,000, offering a significant investment opportunity in the Clinton - Hell's Kitchen area of Manhattan. The transaction was conducted under Tax Class 2A and involved an alteration permit issued on March 13, 2017. The property's floor area ratio (FAR) is 2.64, indicating the development potential within the existing zoning regulations.