facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Hotel

/

Loan

/

215 Chrystie Street

Ian Schrager Secures $310 Million Refinance Loan For Public Hotel At 215 Chrystie Street
FINANCEDHotel

Ian Schrager Secures $310 Million Refinance Loan For Public Hotel At 215 Chrystie Street

215 Chrystie Street

$310,000,000

Building Size

Asset Type

Hotel

Closing

Dec 18, 2025

AI

The property involved in this transaction is the Public Hotel located at 215 Chrystie Street in Manhattan. This hotel features 367 keys and has undergone a refinancing transaction amounting to $310 million.

Summary of transation details:

The key individuals involved in the deal include Ian Schrager, who acted as the landlord, and J.P. Morgan Chase, which provided the funding for the refinancing. The brokerage firm Newmark played a central role in facilitating the transaction, represented by Jordan Roeschlaub, Jonathan Firestone, Nick Scribani, and Tyler Dumon.

Players

Nick Scribani

Newmark

Broker

$55.9B

vol

198 deals

Broker
Newmark
NewmarkBrokerage
J.P. Morgan Chase
J.P. Morgan ChaseLender

New York Hotel Market Snapshot

Boundary boundary · Hotel · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.05%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93