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Mike Bloomberg Acquires Single Family Property In Meeker, Colorado For $44.8M

Property Image
SOLD
$44,792,614
Jeff Buerger
Brian Smith
Henry Kravis

New York

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Single Family Residence19,000 SF
Sold 05/06/2020
the dealplayerscompscontact
Property Image
SOLD

Mike Bloomberg Acquires Single Family Property In Meeker, Colorado For $44.8M

8 Border City Road, Geneva, NY 14456

See Similar Deals
Single Family Residence19,000 SF
Sold 05/06/2020
Jeff Buerger
Brian Smith
Henry Kravis
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Single Family Residence
Price Per Square Foot:$2,357
Total Square Footage:19,000 SF
Transaction Type:Sale

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

Brian Smith
JLL
Brian Smith
7 deals$84M volume(305) 960-8403
BROKER
Jeff Buerger
Jeff Buerger
2 deals$57.2M volume(303) 861-8282
BROKER
Henry Kravis
KKR
Henry Kravis
9 deals$2.3B volume
BROKER

Details

SOLD
IMAGE: ✌️ IMAGE: Henry Kravis, @MikeBloomberg, Jeff Buerger & Brian Smith DATE: 05/06/2020 ADDRESS: 22110 County Rd. 8 MARKET: Meeker, Colorado ASSET TYPE: Single Family BUYER: Mike Bloomberg SELLER: Henry Kravis BROKERS: Jeff Buerger & Brian Smith - Hall & Hall SALE PICE: $44,792,614 SF: 19,000 (Main Home) ACRES: 4,000+

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,388,939.41

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$159,138.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$212,339.84
Annual Debt Service$2,548,078.11