facebook
Traded Co logo
Submit

JLL Brokers Sell Hell's Kitchen Office/Commercial Condo For $4.5M

Property Image
SOLD
$4,500,000
Jonathan (Jon) Hageman
Hall Oster
+ 6

New York

See Similar Deals
Office12,047 SF
Sold 10/10/2023
the dealplayerscompscontact
Property Image
SOLD

JLL Brokers Sell Hell's Kitchen Office/Commercial Condo For $4.5M

421 West 54th Street

See Similar Deals
Office12,047 SF
Sold 10/10/2023
Jonathan (Jon) Hageman
Hall Oster
+ 6
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$373
Total Square Footage:12,047 SF
Transaction Type:Sale

The property involved in this transaction is an Office/Commercial Condo located at 421 West 54th Street in Hell's Kitchen, Manhattan. The property spans across 12,047 square feet and was sold for a total price of $4,500,000, resulting in a price per square foot of $374.

Summary of transaction details

  • Property Type: Office/Commercial Condo
  • Transaction Amount: $4,500,000
  • Address: 421 West 54th Street
  • Market: Hell's Kitchen, Manhattan
  • Square Footage: 12,047
  • Price Per Square Foot: $374

This deal was facilitated by the brokers from JLL, including Hall Oster, Paul Smadbeck, Jonathan Hageman, Braedon Gait, Conrad Martin, Teddy Galligan, Jacob Russell, Kevin Campfield, and Ryan Candel. Their expertise and negotiation skills played a crucial role in the successful completion of the transaction.

Players

Jonathan (Jon) Hageman
59 deals$2.5B volume(212) 812-5995
BROKER

Hall Oster
JLL
88 deals$2.1B volume
BROKER

Paul Smadbeck
JLL
36 deals$435.4M volume
BROKER

Teddy Galligan
JLL
58 deals$854.9M volume
BROKER

Braedon Gait
JLL
37 deals$648.4M volume
BROKER

Conrad Martin
JLL
39 deals$414M volume
BROKER

Jacob Russell
JLL
5 deals$117M volume
BROKER

Kevin Campfield
JLL
1 deal$4.5M volume(212) 812-6502
BROKER

Ryan Candel
BK Real Estate Advisors
3 deals$45.9M volume(212) 812-5700
BROKER

Details

SOLD
IMAGE: Hall Oster, Braedon Gait, Jonathan Hageman, Conrad Martin, Jacob Russell, Kevin Campfield & Ryan Candel DATE: 10/10/2023 ADDRESS: 421 West 54th Street MARKET: Hell's Kitchen, Manhattan ASSET TYPE: Office/Commercial Condo BROKERS: Hall Oster, Paul Smadbeck, Jonathan Hageman, Braedon Gait (@BraedonGait), Conrad Martin, Teddy Galligan (@T_Galligan12), Jacob Russell, Kevin Campfield & Ryan Candel - JLL (@JLL) SALE PRICE: $4,500,000 SF: 12,047 ~ PPSF: $374

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$240,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55