Manny Chadha Acquires Boutique Hotel In Borough Park, Brooklyn For $6M
SOLD
New York
See Similar DealsOther10,095 SF
Sold 07/26/2018
SOLD
Manny Chadha Acquires Boutique Hotel In Borough Park, Brooklyn For $6M
1108 60th St, Brooklyn, NY 11219, USA
See Similar DealsOther10,095 SF
Sold 07/26/2018
Summary
NEW YORK
Asset Type:Other
Price Per Square Foot:$0
Total Square Footage:10,095 SF
Transaction Type:Sale
The Boutique Hotel located at 1108 60th St in Borough Park, Brooklyn has been sold for a total price of $6,000,000. The property spans a total of 10,095 square feet and has a price per square foot of $594. It features 26 keys and generates $230,000 in yearly revenue per key.
Summary of transaction details:
- Property Type: Boutique Hotel
- Transaction Amount: $6,000,000
- Address: 1108 60th St, NYC
- Market: Borough Park, Brooklyn
- Square Footage: 10,095
- Price Per Square Foot: $594
- Keys: 26
- Revenue Per Key: $230,000
Manny Chadha has purchased the property from Bao Zhi Liu. The transaction was facilitated by Joe Frasca & Richard DiPietro from Coldwell Banker Commercial.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
Is there something missing? Send suggestions