Sam Chang Sells at a Loss?
Long Island-based hotelier-to-the-masses Sam Chang has sold a West Side apartment building, apparently at a loss.
City records indicate that earlier this month, Mr. Chang sold the 118-unit apartment building at 440 West 41st Street for $17.5 million. It appears to be a marked write-down from the boom times of 2006, when the building was purchased for $21.5 million.
Mr. Chang could not immediately be reached for comment. The new owner of the 13-story apartment house, between Ninth and 10th avenues, is a partnership called US Suite LLC, which sounds vaguely hotel-y. No contact info could be found for the new owners.