Union Investment Real Estate GmbH Acquires Property At 133 Greenwich St New York For $203.3M
133 Greenwich St, New York, NY, 10006
$203,300,000
Building Size
—
Asset Type
Hotel
Closing
Oct 1, 2017
About this deal
AI
The transaction involves a hotel property, specifically the Courtyard Marriott located at 133 Greenwich St, New York, NY, 10006. The sale was completed for a total of $203,300,000.00. The property was delivered in early 2016 and stands at 31 stories, although the square footage is not specified.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $203,300,000.00
- Address: 133 Greenwich St, New York, NY, 10006
- Market: New York
- Buyer: Union Investment Real Estate GmbH
- Seller: Hidrock Properties
- Seller's Representative: Adam Etra (Newmark)
Union Investment Real Estate GmbH, a subsidiary of German DZ Bank Group, purchased the property. Eastdil Secured's Adam Etra represented the seller, Hidrock Properties, in this significant real estate transaction.
On the Map
$203,300,000
Hotel
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93