Prince Mario-Max Schaumburg-Lippe Purchases Hotel In Chinatown Manhattan From William Su For $12M
101 Bowery
$12,000,000
$891/SF
Building Size
13,465 SF
Asset Type
Hotel
Closing
Jul 14, 2026
About this deal
AI
A 13,465-square-foot hotel located at 101 Bowery in Chinatown, Manhattan has been sold for $12 million. The sale closed at a price of $891 per square foot, indicating the market dynamics and property valuation in this area.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $12,000,000
- Address: 101 Bowery
- Market: Chinatown, Manhattan
- Square Footage: 13,465
- Price per Square Foot: $891
- Buyer: Prince Mario-Max Schaumburg-Lippe
- Seller: William Su
Prince Mario-Max Schaumburg-Lippe acquired the property from William Su, marking a significant transaction within the hospitality sector of Chinatown. This transaction illustrates active engagement from both parties in the real estate market.
Players
New York Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93