Renatus Acquires Other Asset In New York From Sam Chang For $12 Million
SOLD
$12,000,000
New York
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Sold
SOLD
Renatus Acquires Other Asset In New York From Sam Chang For $12 Million
338 Bowery
See Similar DealsOther
Sold
Summary
NEW YORK
Asset Type:Other
Transaction Type:Sale
The property asset involved in the transaction is located at 338 Bowery in New York. This asset type is categorized as Other and was sold for a price of $12,000,000.00.
Summary of transaction details:
- Property Type: Other
- Transaction Amount: $12,000,000.00
- Sale Date: 05/01/2014
- Buyer: Renatus
- Seller: Sam Chang
- Broker: Robert Khodadadian - Skyline Properties
The deal features Renatus as the buyer and Sam Chang as the seller. Robert Khodadadian from Skyline Properties represented the seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$640,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$42,633.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$56,886.12
Annual Debt Service$682,633.47
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