Capstone Equities And Republic Investment Group Secure $39M Refinancing For Hotel In Manhattan
17 West 32nd Street
$39,000,000
Building Size
—
Asset Type
Hotel
Closing
Dec 11, 2025
About this deal
AI
The asset involved in this transaction is a hotel located at 17 West 32nd Street in Penn Plaza, Manhattan. The refinancing secured for this property amounts to $39,000,000.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $39,000,000
- Lender: Bank of America
- Landlord: Joshua Zamir & Daniel Ghadamian - Capstone Equities; John Mathew - Republic Investment Group
- Loan Type: Refinance
This transaction was executed by Capstone Equities and Republic Investment Group through 17 W 32 St Owner LLC, which facilitated the refinancing with Bank of America for the hotel situated at 17 West 32nd St, Manhattan.
On the Map
$39,000,000
Hotel
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Players
New York Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93