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Manny Chadha Acquires Boutique Hotel In Borough Park, Brooklyn For $6M

1108 60th Street
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This Other property located in NY was sold over 5 years ago. The brokers of the deal were Richard DiPietro and Joe Frasca

The Boutique Hotel located at 1108 60th St in Borough Park, Brooklyn has been sold for a total price of $6,000,000. The property spans a total of 10,095 square feet and has a price per square foot of $594. It features 26 keys and generates $230,000 in yearly revenue per key.

Summary of transaction details:

  • Property Type: Boutique Hotel
  • Transaction Amount: $6,000,000
  • Address: 1108 60th St, NYC
  • Market: Borough Park, Brooklyn
  • Square Footage: 10,095
  • Price Per Square Foot: $594
  • Keys: 26
  • Revenue Per Key: $230,000

Manny Chadha has purchased the property from Bao Zhi Liu. The transaction was facilitated by Joe Frasca & Richard DiPietro from Coldwell Banker Commercial.

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Deals
  • Location
    1108 60th St, Brooklyn, NY 11219, USA1108 60th St, Brooklyn, NY 11219, USA
  • Area
    10,095 SF10,095 SF
  • Asset Type
    OtherOther
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Joe Frasca

Joe Frasca

Deals1

Agency

Coldwell Banker

Coldwell Banker

Agency
Deals1405
Volume$9.3B

Deal Summary

IMAGE: Manny Chadha ? (@mannyumbrellanyc ) DATE: 07/26/2018 ADDRESS: 1108 60th st CITY: NYC MARKET: Borough Park, Brooklyn ASSET TYPE: Boutique Hotel PRICE: $6,000,000 KEYS: 26 PPK: $230K SF: 10,095 PPSF: $594 SELLER: Bao Zhi Liu BUYER: Manny Chadha BROKER: Joe Frasca & Richard DiPietro – Coldwell Banker Commercial @joefrascaa @coldwellbanker

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1108 60th Street

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