facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Hotel

/

Sale

/

111 North 12th Street, Broo...

Updated Oct 28, 2024

Avi Philipson & Stephen Gorodetsky Acquire Brooklyn Hotel From All Year Holdings For $157M
SOLDHotel

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

Avi Philipson

Buyer

$607M

vol

3 deals

Buyer
AH
All Year HoldingsSeller

New York Hotel Market Snapshot

Boundary boundary · Hotel · Sale transactions

Loading comparables…

Deal FAQ

Visit Avi Philipson to view all their deals.

Browse New York hotel sales on Traded.

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

More Deals

Nearby Markets