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
About this deal
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.
The hotel loan at 9 Crosby Street, New York City, New York 10013, United States in New York, New York financed for $88.6M in 2022. 9 Crosby Street, New York City, New York 10013, United States is classified as Hotel on Traded. Named participants on the 9 Crosby Street, New York City, New York 10013, United States loan are Alex Sapir, Sharon Raz. This page is the New York, New York file for the 9 Crosby Street, New York City, New York 10013, United States hotel financed: pricing, party profiles, and other closed hotel comps from the same New York sit in the Market section below. Filter that New York hotel set by closing date to see what else financed near 9 Crosby Street, New York City, New York 10013, United States around 2022. Published consideration for 9 Crosby Street, New York City, New York 10013, United States is $88.6M, dated 2022. Cite this Sapir Corp Secures $88.6M Loan For SoHo Hotel At 9 Crosby St loan when underwriting similar hotel product around New York, New York.
Players
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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