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

/

43 East 92nd Street, New Yo...

G4 Capital Partners Provides $66.6M Construction Loan For Carnegie Hill Hotel
FINANCEDHotel

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

G4 Capital Partners
G4 Capital PartnersLender

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

0.24%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93