SOLDHotel
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
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.
Players
New York Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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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