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
About this deal
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.
The other sale at 338 Bowery in New York, New York sold for $12M in 2014. 338 Bowery is classified as Other on Traded. Robert Khodadadian, Sam Chang, Skyline Properties appear on the sale alongside Skyline Properties. This page is the New York, New York file for the 338 Bowery other sold: pricing, party profiles, and other closed other comps from the same New York sit in the Market section below. Filter that New York other set by closing date to see what else sold near 338 Bowery around 2014. Published consideration for 338 Bowery is $12M, dated 2014. Cite this Renatus Acquires Other Asset In New York From Sam Chang For $12 Million sale when underwriting similar other product around New York, New York.
Players
New York Other Market Snapshot
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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