SOLDOther
Renatus Acquires Other Asset In New York From Sam Chang For $12 Million
338 Bowery
$12,000,000
Building Size
—
Asset Type
Other
Closing
May 1, 2014
AI
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.
Players
New York Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93