Sam Chang Sells Hotel In Financial District For $69M
SOLD
$69,000,000
New York
See Similar DealsHotel70,913 SF
Sold 09/21/2021
SOLD
Sam Chang Sells Hotel In Financial District For $69M
100 Greenwich Street, Manhattan, New York, NY, USA
See Similar DealsHotel70,913 SF
Sold 09/21/2021
Summary
NEW YORK
Asset Type:Hotel
Price Per Square Foot:$973
Total Square Footage:70,913 SF
Transaction Type:Sale
A hotel located at 100 Greenwich St in the Financial District has been sold for $69,000,000. The property has a total square footage of 70,913, resulting in a price per square foot of $973.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $69,000,000
- Address: 100 Greenwich St
- Market: Financial District
- Seller: Sam Chang
The deal was completed on 09/21/2021. Sam Chang, representing the seller, played a significant role in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,679,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$245,142.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$327,095.20
Annual Debt Service$3,925,142.43
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