Updated Dec 21, 2023
William D Edwards Acquires Chelsea SFR At 462 West 23rd Street For $12.5M
462 West 23rd Street, Manhattan, New York, NY, USA
$12,500,000
$2,154/SF
Building Size
5,802 SF
Asset Type
Single Family Residence
Closing
Jul 28, 2021
About this deal
AI
The property at 462 West 23rd Street in Chelsea has been sold for a price of $12,500,000. The single-family residence (SFR) has a total square footage (SF) of 5,802, with a price per square foot (PPSF) of $2,154. The building square footage (BSF) is 6,519, and the price per building square foot (PPBSF) is $1,917. The property is located on a lot with dimensions of 22 ft x 98.75 ft, providing a lot size of 2,173 square feet. The previous sale of the property took place on August 31, 2006, for a price of $4,975,000. The property is classified as tax class 1 and has a floor area ratio (FAR) of 2.67. The property is zoned as R7B and C2-5, allowing for residential and commercial use.
Summary of transaction details
- Property Type: Single-Family Residence (SFR)
- Transaction Amount: $12,500,000
- Address: 462 West 23rd Street
- Market: Chelsea
- Zoning: R7B, C2-5
- SF: 5,802
- PPSF: $2,154
- BSF: 6,519
- PPBSF: $1,917
- Lot Dimensions: 22 ft x 98.75 ft
- Lot Size: 2,173 SF
- Last Sale Price: $4,975,000 (08/31/2006)
- Tax Class: 1
- Floor Area Ratio (FAR): 2.67
The buyer of the property is William D Edwards, and the seller is Susan Numeroff.
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