Ravinder Chopra Acquires Mixed-use Property From King's College For $15.25M In Financial District
102 Greenwich Street
$15,250,000
$709/SF
Building Size
21,490 SF
Asset Type
Mixed-use
Closing
Jul 15, 2024
AI
The property involved in the transaction is a mixed-use asset located at 102 Greenwich Street in the Financial District. The sale price of the property was $15,250,000, with a total square footage of 21,490. The price per square foot is $710, and the price per key is $423.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $15,250,000
- Address: 102 Greenwich Street
- Market: Financial District
- Square Footage: 21,490
- Price per Square Foot: $710
- Price per Key: $423
- Buyer: Ravinder Chopra
- Seller: King's College
- Brokers: Noah Kossoff, Brandon Polakoff & Frederick Richter - Avison Young
The key individuals involved in the transaction include buyer Ravinder Chopra and seller King's College. The transaction was facilitated by brokers Noah Kossoff, Brandon Polakoff, and Frederick Richter from Avison Young, who played a significant role in bringing the parties together for this deal.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93