KFIR Capital Acquires Hotel In New York City For $76.5M
37 10th Ave New York, NY 10014, USA
$76,500,000
$671/SF
Building Size
114,000 SF
Asset Type
Hotel
Closing
May 17, 2023
About this deal
AI
The hotel located at 37-10 10th Street in New York City has been sold in a transaction handled by Jake Blatter from KFIR Capital. The sale took place on 05/17/2023 for a total price of $76,500,000. The hotel spans an area of 114,000 square feet, resulting in a price per square foot of $671.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $76,500,000
- Address: 37-10 10th Street, New York City
- Market: New York City
- Broker: Jake Blatter - KFIR Capital
- Square Footage: 114,000
- Price per Square Foot: $671
In this deal, Jake Blatter from KFIR Capital represented the seller or buyer in the transaction without mentioning any additional information available.
Players
New York Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93