Shimmie Horn Sells Shelter In Hell's Kitchen For $25.2M
427 West 52nd Street, Manhattan, New York, NY, USA
$25,200,000
$702/SF
Building Size
35,850 SF
Asset Type
Other
Closing
Jul 8, 2021
AI
Located at 427 West 52nd Street in Hell's Kitchen, the property involved in this transaction is a shelter with an R8 zoning. The sale took place on 07/09/2021.
Summary of transaction details
- Property Type: Shelter
- Transaction Amount: $25,200,000
- Address: 427 West 52nd Street
- Market: Hell's Kitchen
- Zoning: R8
The seller of the property was Triumph Hotels, represented by Shimmie Horn. The buyer's identity was not disclosed. The sale price for the property was $25,200,000, with a total area of 35,850 square feet and a price per square foot of $702. The previous sale of the property occurred in June 2018 for $16,000,000.
Players
New York Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93