Premier Equities Acquires 182 Church St New York From Hersha Hospitality Trust For $18M
182 Church St, New York, NY, 10013
$18,000,000
Building Size
—
Asset Type
Hotel
Closing
May 18, 2021
About this deal
AI
The transaction involved the sale of a property located at 182 Church St, New York, NY, 10013. The property was sold for $18,000,000.00 with a total square footage of 0. The market for this transaction is New York.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $18,000,000.00
- Seller: Hersha Hospitality Trust
- Buyer: Premier Equities
- Seller's Representative: Dan O’Brien-Cushman & Wakefield
The deal was facilitated by Dan O’Brien, who represented Hersha Hospitality Trust in the transaction. Premier Equities was the buyer involved in this sale, marking a significant transaction in the New York 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
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93