FINANCEDHotel
Sapir Corp Secures $88.6M Loan For SoHo Hotel At 9 Crosby St
9 Crosby Street, New York City, New York 10013, United States
$88,600,000
Building Size
—
Asset Type
Hotel
Closing
Aug 15, 2022
AI
Located at 9 Crosby St. in SoHo, this recently closed transaction involved the sale of a hotel property. The deal was finalized on 08/16/2022.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $88,600,000
The landlord of the property is Sapir Corp, represented by Alex Sapir & Sharon Raz.
No additional information is available regarding the transaction.
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
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93