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141 East 39th Street

BD Hotels Secures $45.9M Refinance Loan For Murray Hill Hotel
FINANCEDHotel

BD Hotels Secures $45.9M Refinance Loan For Murray Hill Hotel

141 East 39th Street

$45,900,000

$585/SF

Building Size

78,415 SF

Asset Type

Hotel

Closing

Nov 1, 2023

AI

The hotel building located at 141 East 39th Street in Murray Hill, Manhattan has been refinanced with a loan amount of $45,900,000. The property, owned by Richard Born of BD Hotels, is a 78,415 square foot hotel in the Murray Hill market of Manhattan.

Summary of transation details

  • Property Type: Hotel
  • Transaction Amount: $45,900,000
  • Lender: Albert Burklen & Michael McAuliffe - Deka Immobilien
  • Landlord: Richard Born - BD Hotels
  • Loan Type: Refinance

BD Hotels, represented by BD Pod 39, LLC, secured a $45.9 million refinance loan from Deka Immobilien, facilitated by Dekabank Deutsche Girozentrale, for their hotel building located at 141 East 39th Street in Murray Hill, Manhattan.

Players

Deka Immobilien
Deka ImmobilienLender

Richard Born

BD Hotels

Landlord

$486.7M

vol

7 deals

Landlord

New York Hotel Market Snapshot

Boundary boundary · Hotel · Loan transactions

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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