Avi Philipson & Stephen Gorodetsky Acquire Brooklyn Hotel From All Year Holdings For $157M
111 North 12th Street, Brooklyn, New York 11249, United States
$157,000,000
Building Size
—
Asset Type
Hotel
Closing
May 24, 2022
About this deal
AI
The Hotel located at 111 North 12th Street in Brooklyn has been sold in a transaction valued at $157,000,000. The sale took place on 05/25/2022.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $157,000,000
The buyers of the property are Avi Philipson and Stephen Gorodetsky. They acquired the Hotel from All Year Holdings. The transaction included 183 keys, with a price per key of $857,923.
The hotel sale at 111 North 12th Street, Brooklyn, New York 11249, United States in New York, New York sold for $157M in 2022. 111 North 12th Street, Brooklyn, New York 11249, United States is classified as Hotel on Traded. Named participants on the 111 North 12th Street, Brooklyn, New York 11249, United States sale are Avi Philipson, Stephen Gorodetsky. This page is the New York, New York file for the 111 North 12th Street, Brooklyn, New York 11249, United States 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 111 North 12th Street, Brooklyn, New York 11249, United States around 2022. Published consideration for 111 North 12th Street, Brooklyn, New York 11249, United States is $157M, dated 2022. Cite this Avi Philipson & Stephen Gorodetsky Acquire Brooklyn Hotel From All Year Holdings For $157M sale 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
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93