George L Majores Acquires Miscellaneous Property In Chelsea, Manhattan For $12.5M
328 W 23 St, New York City, New York 10011, United States
$12,500,000
$1,637/SF
Building Size
7,635 SF
Asset Type
Other
Closing
Nov 29, 2021
About this deal
AI
A property located at 328 West 23 Street in Chelsea, Manhattan has been sold for $12,500,000. The property has a building square footage (BSF) of 9,976 and a price per BSF (PPBSF) of $1,253. It spans a total square footage (SF) of 7,635 with a price per SF (PPSF) of $1,637. The lot size is 2,494 and the lot dimensions are 100 ft x 98.75 ft. The property has a floor area ratio (FAR) of 3.06 and is classified under tax class 1. The previous sale price was $3,960,000 on September 22, 2010.
Summary of transaction details
- Property Type: Miscellaneous
- Transaction Amount: $12,500,000
- Market: Chelsea, Manhattan
- Zoning: C1-6A
The buyer of the property is George L Majores, while the seller is Michael Chaney.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93