Sam Chang Acquires Property At 154 W 24th St New York For $15 Million With Seller's Rep Brock Emmetsburger
154 W 24th St, New York, NY, 10011
$15,000,000
Building Size
—
Asset Type
Hotel
Closing
Nov 2, 2017
About this deal
AI
The property located at 154 W 24th St, New York, NY, 10011 was sold for $15,000,000.00. It is situated in the New York market and has a square footage of 0.
Summary of transaction details:
- Property Type: SALE
- Transaction Amount: $15,000,000.00
- Address: 154 W 24th St, New York, NY, 10011
- Market: New York
- Seller's Representative: Brock Emmetsburger - B6 Real Estate Advisors
- Buyer: Sam Chang
The transaction involved Brock Emmetsburger representing the seller and Sam Chang as the buyer, facilitating the sale within the New York real estate market. The engagement highlights the active participation of B6 Real Estate Advisors in this transaction.
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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93