The Peled Family Acquires Ground Lease For Hotel At 48 West 14th Street For $12.8M

The property asset involved in this transaction is a hotel located at 48 West 14th Street in the Greenwich Village market. This asset has a sale price of $12,800,000 and a total square footage of 60,930, resulting in a price per square foot of $210.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $12,800,000
• Buyer: The Peled Family
• Seller: Philip Katz - MacArthur Holdings & Charles Blaichman - CBSK Developers
• SF: 60,930
• PPSF: $210

The Peled family, through Yp Gp Holdings 13th Street, acquired the ground lease for the 65-key hotel from the sellers, MacArthur Holdings represented by Philip Katz and CBSK Developers represented by Charles Blaichman.