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
About this deal
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.
On the Map
$25,200,000
$702/SF
Other
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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