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456 Greenwich Street

Updated Jan 8, 2026

James R. Parks Of APW Avenue Group Secures $145 Million Refinance For Fouquet’s New York Hotel
FINANCEDHotel

James R. Parks Of APW Avenue Group Secures $145 Million Refinance For Fouquet’s New York Hotel

456 Greenwich Street

$145,000,000

Building Size

—

Asset Type

Hotel

Closing

Jan 6, 2026

About this deal

AI

The asset involved in this transaction is the Fouquet’s New York, a luxury hotel located at 456 Greenwich Street in Tribeca. The hotel comprises 97 rooms and was subject to a refinancing agreement. The total loan amount for this refinancing is $145,000,000, which ensures long-term financial stability for the property.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $145,000,000
  • Lender: Goldman Sachs
  • Landlord: James R. Parks - APW Avenue Group & CBCS Washington Street LP
  • Loan Type: Refinance

James R. Parks, leading APW Avenue Group, played a critical role in facilitating the refinancing of Fouquet’s New York with the lender, Goldman Sachs. The transaction highlights the partnership between APW Avenue Group and CBCS Washington Street LP in managing the property and securing its financial future.

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$145,000,000

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Goldman Sachs
Goldman SachsLender
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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.11%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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