McSam Hotel Group Purchases 292 5th Ave From BD Hotels For $42.4M
292 5th Ave, New York, NY, 10001
$42,400,000
$7,349/SF
Building Size
5,769 SF
Asset Type
Hotel
Closing
Mar 30, 2017
About this deal
AI
The property asset involved in this transaction is located at 292 5th Ave, New York, NY, 10001. The property has a total square footage of 5769 and was sold for an amount of $42,400,000.00 within the New York market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $42,400,000.00
- Address: 292 5th Ave, New York, NY, 10001
- Market: New York
- SF: 5769
- Seller: BD Hotels
- Buyer: McSam Hotel Group
- Seller's Rep: John Ciraulo-Cushman & Wakefield
- Seller's Rep: Jonathan "Jon" Hageman-JLL
The transaction involved key individuals and companies including the seller BD Hotels and the buyer McSam Hotel Group. The seller was represented by John Ciraulo from Cushman & Wakefield and Jonathan "Jon" Hageman from JLL, who facilitated this deal.
Players
New York Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
Loading comparables…
Deal FAQ
Visit Jonathan (Jon) Hageman to view all their deals.
Browse New York hotel sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93