Besen Partners Acquires Hotel In Staten Island For $9.55M
SOLD
$9,550,000
New York
See Similar DealsHotel30,910 SF
Sold 09/22/2022
SOLD
Besen Partners Acquires Hotel In Staten Island For $9.55M
310 Wild Avenue
See Similar DealsHotel30,910 SF
Sold 09/22/2022
Summary
NEW YORK
Asset Type:Hotel
Price Per Square Foot:$309
Total Square Footage:30,910 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$509,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$33,929.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,271.87
Annual Debt Service$543,262.47
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