Henry And Sherry Xu Zheng Acquire Midtown East Hotel For $17.5M
SOLD
$17,500,000
New York
See Similar DealsHotel18,281 SF
Sold 08/16/2022
SOLD
Henry And Sherry Xu Zheng Acquire Midtown East Hotel For $17.5M
152 East 55th Street, New York City, New York 10022, United States
See Similar DealsHotel18,281 SF
Sold 08/16/2022
Summary
NEW YORK
Asset Type:Hotel
Price Per Square Foot:$957
Total Square Footage:18,281 SF
Transaction Type:Sale
The property asset involved in this transaction is a hotel located at 152 East 55th Street in Midtown East. The sale took place on 08/16/2022, with a sale price of $17,500,000. The hotel has a total area of 18,281 square feet, resulting in a price per square foot of $957.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $17,500,000
- Address: 152 East 55th Street
- Market: Midtown East
The buyers in this transaction are Henry Zheng & Sherry Xu Zheng, while the seller is Alfredo V. Pedro.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$933,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$62,173.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$82,958.93
Annual Debt Service$995,507.14
Is there something missing? Send suggestions