Sam Chang Sells Hotel In Financial District For $69M
100 Greenwich Street, Manhattan, New York, NY, USA
$69,000,000
$973/SF
Building Size
70,913 SF
Asset Type
Hotel
Closing
Sep 21, 2021
About this deal
AI
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.
The hotel sale at 100 Greenwich Street, Manhattan, New York, NY, USA in New York, New York sold for $69M in 2021. The building is 70,913 square feet, implying about 973 per square foot on the published price. Named participants on the 100 Greenwich Street, Manhattan, New York, NY, USA sale are Sam Chang. This page is the New York, New York file for the 100 Greenwich Street, Manhattan, New York, NY, USA hotel sold: 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 sold near 100 Greenwich Street, Manhattan, New York, NY, USA around 2021. Published consideration for 100 Greenwich Street, Manhattan, New York, NY, USA is $69M, dated 2021. Cite this Sam Chang Sells Hotel In Financial District For $69M sale when underwriting similar hotel product around New York, New York.
On the Map
$69,000,000
$973/SF
Hotel
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Players
New York Hotel Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93