Besen Partners Acquires Hotel In Staten Island For $9.55M
310 Wild Avenue
$9,550,000
$309/SF
Building Size
30,910 SF
Asset Type
Hotel
Closing
Sep 22, 2022
About this deal
AI
Anudeep Gosal of Besen Partners represented the buyer and seller in the sale of a hotel located at 310 Wild Ave, Staten Island. The transaction took place on September 22, 2022, with a sale price of $9,550,000. The hotel spans a total area of 30,910 square feet, resulting in a price per square foot of $308.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $9,550,000
- Address: 310 Wild Ave, Staten Island
- Market: Staten Island
Anudeep Gosal of Besen Partners played a crucial role as the broker in this transaction, representing both the buyer and seller of the hotel.
Players
New York Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
Loading comparables…
Deal FAQ
Visit Anudeep Gosal 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
1.66%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93