Sam Chang Acquires Property At 140 W 24th St New York For $61 Million Seller's Rep Brock Emmetsburger
140 W 24th St, New York, NY, 10011
$61,000,000
Building Size
—
Asset Type
Hotel
Closing
Nov 2, 2017
About this deal
AI
This transaction involved the sale of a property located at 140 W 24th St, New York, NY, 10011, in the New York market. The property was sold for a total price of $61,000,000.00 and has no specified square footage.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $61,000,000.00
- Address: 140 W 24th St, New York, NY, 10011
- Market: New York
- Seller's Representative: Brock Emmetsburger - B6 Real Estate Advisors
- Buyer: Sam Chang
Brock Emmetsburger represented the seller in this transaction, facilitating the agreement between the parties involved. The buyer, Sam Chang, successfully completed the purchase of the property, marking the conclusion of the sale process.
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
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93