facebook
Traded Co logo
Submit
Daily limit: 0/10

Denise Crouch Purchases Hotel From Jeffrey Lam's Lam Generation For $39,850,058 In Manhattan

Property Image
SOLD
$39,850,058

New York

See Similar Deals
Hotel34,690 SF
Sold 05/26/2026
the dealdetailscomps
Property Image
SOLD

Denise Crouch Purchases Hotel From Jeffrey Lam's Lam Generation For $39,850,058 In Manhattan

21 West 37th Street

See Similar Deals
Hotel34,690 SF
Sold 05/26/2026
the dealdetailscomps

Summary

NEW YORK
Asset Type:Hotel
Price Per Square Foot:$1,148
Total Square Footage:34,690 SF
Transaction Type:Sale

A 34,690-square-foot hotel property located at 21 West 37th Street in Manhattan's Garment District has been sold. The asset was acquired by Denise Crouch from Jeffrey Lam, who represented Lam Generation in the transaction. The sale price was $39,850,058, reflecting a valuation of approximately $1,149 per square foot.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $39,850,058
  • Address: 21 West 37th Street
  • Market: Garment District, Manhattan
  • Square Footage: 34,690
  • Price Per Square Foot: $1,149
  • Buyer: Denise Crouch
  • Seller: Jeffrey Lam - Lam Generation

This transaction also highlights the involvement of Jeffrey Lam, who facilitated the sale on behalf of Lam Generation, underscoring the strategic asset exchange within the hospitality sector of Manhattan.

Players

LG
Lam Generation
SELLER

Details

SOLD
IMAGE: Jeffrey Lam DATE: 05/26/2026 ADDRESS: 21 West 37th Street MARKET: Garment District, Manhattan ASSET TYPE: Hotel BUYER: Denise Crouch SELLER: Jeffrey Lam - Lam Generation SALE PRICE: $39,850,058 SF: 34,690 - PPSF: $1,149 NOTE: Jeffrey Lam's Lam Generation has sold a 34,690-square-foot hotel property at 21 West 37th Street in Manhattan's Garment District to Denise Crouch for $39,850,058. The commercial hospitality asset changed hands at a valuation of approximately $1,149 per square foot.

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

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
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,125,336.42

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$141,578.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$188,909.61
Annual Debt Service$2,266,915.27