NOT LISTED FOR SALE

326-330 W 40th St New York, NY 10018

Garment District Neighborhood

Estimated Value: $156,777,920

-- Bed
-- Bath
98,738 Sq Ft
$1,588/Sq Ft Est. Value

About This Home

This home is located at 326-330 W 40th St, New York, NY 10018 and is currently estimated at $156,777,920, approximately $1,587 per square foot. 326-330 W 40th St is a home located in New York County with nearby schools including P.S. 51 Elias Howe, Clinton School, and Middle School 297.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 6, 2016
Sold by
Times Square Hospitality I Llc and % Gehr Development Corporation
Bought by
Times Square Hospitality Fee I Llc
Current Estimated Value
$156,777,920

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,700,000
Outstanding Balance
$37,604,130
Interest Rate
3.6%
Mortgage Type
Commercial
Estimated Equity
$119,923,294

Purchase Details

Closed on
Jun 1, 2011
Sold by
H & C Luk Holdings Llc
Bought by
Times Square Hospitality I Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$21,343,022
Interest Rate
4.74%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 15, 2010
Sold by
Times Square West Llc
Bought by
H & C Luk Holdings Llc

Purchase Details

Closed on
Oct 26, 2006
Sold by
Fashion Times Square Llc and Times Square West Llc
Bought by
Times Square West Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,500,000
Interest Rate
6.39%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 22, 2006
Sold by
Unigroup Hotel Llc
Bought by
Fashion Times Square Llc and Times Square West Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,000,000
Interest Rate
6.26%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Times Square Hospitality Fee I Llc -- --
Times Square Hospitality Fee I Llc -- --
Times Square Hospitality I Llc $112,000,000 --
Times Square Hospitality I Llc $112,000,000 --
H & C Luk Holdings Llc -- --
A & J Lee Holdings Llc -- --
Times Square West Llc -- --
Times Square West Llc -- --
Fashion Times Square Llc -- --
Fashion Times Square Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Times Square Hospitality I Llc $46,700,000
Closed Times Square Hospitality I Llc $54,500,000
Closed Times Square Hospitality I Llc $31,086,758
Closed Times Square Hospitality Fee I Llc $46,700,000
Previous Owner Times Square Hospitality I Llc $21,343,022
Previous Owner Times Square West Llc $15,000,000
Previous Owner Times Square West Llc $37,500,000
Previous Owner Fashion Times Square Llc $28,000,000
Closed Times Square Hospitality I Llc $23,740,000
Source: Public Records

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,726,841 $16,772,910 $2,250,000 $14,522,910
2024 $1,726,841 $16,303,259 $2,250,000 $14,053,259
2023 $1,771,473 $16,639,798 $2,250,000 $14,389,798
2022 $1,579,362 $18,723,600 $2,250,000 $16,473,600
2021 $1,956,922 $18,299,250 $2,250,000 $16,049,250
2020 $2,777,217 $26,473,950 $2,250,000 $24,223,950
2019 $2,766,249 $26,310,150 $2,250,000 $24,060,150
2018 $2,912,409 $27,337,950 $2,250,000 $25,087,950
2017 $2,899,415 $29,639,700 $2,250,000 $27,389,700
2016 $2,570,061 $28,921,050 $2,250,000 $26,671,050
2015 $638,215 $34,341,750 $2,250,000 $32,091,750
2014 $638,215 $26,322,750 $2,250,000 $24,072,750
Source: Public Records

Map

New York New York County New York 10018 Garment District

326-330 W 40th St, New York, NY

This home is located at 326-330 W 40th St, New York, NY 10018 and is currently estimated at $156,777,920, approximately $1,587 per square foot. 326-330 W 40th St is a home located in New York County with nearby schools including P.S. 51 Elias Howe, Clinton School, and Middle School 297.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Nearby Homes