Updated Oct 25, 2024
Mike Bloomberg Acquires Single Family Property In Meeker, Colorado For $44.8M
8 Border City Road, Geneva, NY 14456
$44,792,614
$2,357/SF
Building Size
19,000 SF
Asset Type
Single Family Residence
Closing
May 5, 2020
About this deal
AI
A single-family property located at 22110 County Rd. 8 in Meeker, Colorado has been sold. The property features a main home with 19,000 square feet and sits on 4,000+ acres. The transaction took place on May 6, 2020.
Summary of transation details
- Property Type: Single Family
- Transaction Amount: $44,792,614
- Buyer: Mike Bloomberg
- Seller: Henry Kravis
- Brokers: Jeff Buerger & Brian Smith - Hall & Hall
Mike Bloomberg purchased the property from Henry Kravis. The deal was facilitated by brokers Jeff Buerger and Brian Smith from Hall & Hall.
Players
Geneva Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2.4K per square foot on a published $44.8M for 19,000 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93