Goldman Sachs Refinances Midtown West Hotel For $97.75M
160 Central Park South, New York City, New York 10019, United States
$97,750,000
$304/SF
Building Size
321,136 SF
Asset Type
Hotel
Closing
Aug 11, 2022
About this deal
AI
The property involved in this transaction is a Hotel located at 160 Central Park South in Midtown West, Manhattan. The property has a total square footage of 321,136. The loan for this transaction was provided by Goldman Sachs, with Robert Kivell representing the lender. Strategic Hotels & Resorts is the landlord of the property.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $97,750,000
- Address: 160 Central Park South
- Market: Midtown West, Manhattan
- Lender: Goldman Sachs - Robert Kivell
- Landlord: Strategic Hotels & Resorts
- Loan Type: Refinance
This deal involves Goldman Sachs as the lender, represented by Robert Kivell. Strategic Hotels & Resorts is the landlord. The loan amount for this transaction was $97,750,000 and it is a refinance.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93