Ravinder Chopra And Sons Acquire The King's College Dorm In Financial District For $15.25M

The property involved in the transaction is student housing located at 102 Greenwich Street in the Financial District. The sale price was $15,250,000, with a total square footage of 19,262, resulting in a price per square foot of $792.

Summary of transaction details:

• Property Type: Student Housing
• Transaction Amount: $15,250,000
• Address: 102 Greenwich Street
• Market: Financial District
• Square Footage: 19,262
• Price per Square Foot: $792
• Buyer: Ravinder Chopra, Yuvraj Chopra & Kuwar Chopra
• Seller: The King's College
• Brokers: Yuvraj Chopra & Ravinder Chopra

Ravinder Chopra and his sons Yuvraj and Kuwar are in the process of converting the dorm into their new hotel, Tribeca Hotel NY. This transaction marks the family's 5th hotel purchase in the last 4 years. Their company, STI Consultants, specializes in commercial finance loans ranging from $500,000 to $500 million and has a 100% success rate for every loan taken. For financing needs, Ravi Chopra can be contacted at 917-705-7708, and for real estate transactions or hotel operations, Yuvraj Chopra can be reached at 516-502-8116.