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Jerry Swon Of Marcus & Millichap Represents Seller In $10.5M Sale Of Hotel In Chester
SOLD
$10,500,000
New York
See Similar DealsHotel
Sold 02/11/2025
SOLD
Jerry Swon Of Marcus & Millichap Represents Seller In $10.5M Sale Of Hotel In Chester
2 Bryle Pl
See Similar DealsHotel
Sold 02/11/2025
Summary
NEW YORK
Asset Type:Hotel
Transaction Type:Sale
The asset involved in this transaction is the 80-room Holiday Inn & Suites located at 2 Bryle Pl, Chester. The sale price for the property was $10,500,000, with a price per key of $131,250.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $10,500,000
- Address: 2 Bryle Pl
- Market: Chester
- Number of Keys: 80
- Price Per Key: $131,250
Jerry Swon from Marcus & Millichap represented both the private seller and the buyer in this transaction. The sale was completed on 02/11/2025, highlighting the involvement of a key broker in facilitating the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$559,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$37,304.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,775.36
Annual Debt Service$597,304.28
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