Noah Kossoff Of Avison Young Represents Sale Of Senton Hotel In Manhattan For $27.225M
SOLD
$27,225,000
New York
See Similar DealsHotel26,047 SF
Sold
SOLD
Noah Kossoff Of Avison Young Represents Sale Of Senton Hotel In Manhattan For $27.225M
39 West 27th Street
See Similar DealsHotel26,047 SF
Sold
Summary
NEW YORK
Asset Type:Hotel
Price Per Square Foot:$1045
Total Square Footage:26047 SF
Transaction Type:Sale
The asset involved in this transaction is the Senton Hotel located at 39 West 27th Street in Manhattan. The hotel has a total square footage of 26,047 and features 70 keys. The sale price was set at $27,225,000, resulting in a price per square foot of $1,045 and a price per key of $388,928.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $27,225,000
- Square Footage: 26,047
- Price per Square Foot: $1,045
- Number of Keys: 70
- Price per Key: $388,928
- Address: 39 West 27th Street
- Market: Manhattan
Noah Kossoff from Avison Young represented the transaction, indicating his role as the broker in this sale of the hotel property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,452,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$96,724.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$129,060.39
Annual Debt Service$1,548,724.67
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