G4 Capital Partners Provides $66.6M Construction Loan For Carnegie Hill Hotel
43 East 92nd Street, New York City, New York 10128, United States
$66,600,000
$1,244/SF
Building Size
53,525 SF
Asset Type
Hotel
Closing
Jun 28, 2022
AI
The property asset involved in this transaction is a hotel located at 43 East 92nd Street in Carnegie Hill. The hotel has a total square footage of 53,525. The loan obtained for this property is a construction loan from G4 Capital Partners. The loan amount is $66,600,000. The landlord of the property is AdellCo.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $66,600,000
- Address: 43 East 92nd Street
- Market: Carnegie Hill
- Square Footage: 53,525 SF
Robyn Sorid, Matthew Adell, Louis Silverman, and Jason Behfarin are the key individuals involved in this deal. They are captured in an image accompanying the post.
Players
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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93