SOLDHotel
Ronen Nissenbaum Of Fattal Hotels Acquires Hotel From Richard Born Of BD Hotels For $38.5M
136 West 55th Street
$38,500,000
$546/SF
Building Size
70,478 SF
Asset Type
Hotel
Closing
Jul 6, 2026
AI
A hotel asset located at 136 West 55th Street in Manhattan's Theatre District has been sold for $38,500,000. The property encompasses a total area of 70,478 square feet with a price per square foot of approximately $546.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $38,500,000
- Square Footage: 70,478
- Price per Square Foot: $546
- Buyer: Ronen Nissenbaum - Fattal Hotels
- Seller: Richard Born - BD Hotels
- Market: Theatre District, Manhattan
Ronen Nissenbaum represents Fattal Hotels, while Richard Born represents BD Hotels in this transaction, marking a significant deal in the Manhattan hotel market.
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
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93