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462 West 23rd Street, Manha...

Updated Dec 21, 2023

William D Edwards Acquires Chelsea SFR At 462 West 23rd Street For $12.5M
SOLDSingle Family Residence

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

New York Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

About $2.2K per square foot on a published $12.5M for 5,802 square feet (2021).

Browse New York single family residence sales on Traded.

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

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