Tribeca Associates Secures $105M Loan For Hotel At 143 Fulton Street, Manhattan With AllianceBernstein
143 Fulton Street, New York, NY 10038
$105,000,000
$12,434/SF
Building Size
8,444 SF
Asset Type
Hotel
Closing
Aug 7, 2018
About this deal
AI
The hotel located at 143 Fulton Street in Manhattan has been involved in a closed transaction. The loan for this property was provided by alliancebernstein''>AllianceBernstein, with a loan amount of $105,000,000. The landlord and developer of the hotel is Tribeca Associates. The market for this property is in New York City.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $105,000,000
Jordy Roeschlaub and Dustin Stolly from Newmark Knight Frank served as the brokers for this deal.
The hotel loan at 143 Fulton Street, New York, NY 10038 in New York, New York financed for $105M in 2018. The building is 8,444 square feet, implying about 12.4K per square foot on the published price. Dustin Stolly, Newmark appear on the loan alongside Newmark. This page is the New York, New York file for the 143 Fulton Street, New York, NY 10038 hotel financed: pricing, party profiles, and other closed hotel comps from the same New York sit in the Market section below. Filter that New York hotel set by closing date to see what else financed near 143 Fulton Street, New York, NY 10038 around 2018. Published consideration for 143 Fulton Street, New York, NY 10038 is $105M, dated 2018. Cite this Tribeca Associates Secures $105M Loan For Hotel At 143 Fulton Street, Manhattan With AllianceBernstein loan when underwriting similar hotel product around New York, New York.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93