Webster Apartments Corp Acquires Hotel Indigo In Brooklyn For $40.9M
229 Duffield St, Brooklyn, NY 11201, United States
$40,900,000
Building Size
—
Asset Type
Hotel
Closing
Jun 7, 2023
About this deal
AI
Webster Apartments Corp. has acquired the Hotel Indigo in downtown Brooklyn, New York. The property consists of 128 rooms and is located at 229 Duffield Street. The transaction took place on June 7, 2023, with a sale price of $40,900,000. This equates to an average price of approximately $319,531 per room.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $40,900,000
- Address: 229 Duffield Street - Hotel Indigo, Brooklyn
- Market: Brooklyn
- Buyer: Webster Apartments Corp
- Keys: 128
- Price Per Key: $319,531
Webster Apartments Corp. executed the transaction to acquire the Hotel Indigo. The deal was completed without additional details provided.
Players
New York Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93