Kam Sang Acquires Hotel In Flatiron District From ADIA For 271 Keys
SOLD
+ 3
New York
See Similar DealsHotel234,928 SF
Sold 10/20/2025
SOLD
Kam Sang Acquires Hotel In Flatiron District From ADIA For 271 Keys
5 Madison Avenue
See Similar DealsHotel234,928 SF
Sold 10/20/2025
+ 3
Summary
NEW YORK
Asset Type:Hotel
Total Square Footage:234,928 SF
Transaction Type:Sale
The property asset involved in this transaction is a hotel located at 5 Madison Avenue in the Flatiron District. The hotel comprises 271 keys.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: Not Disclosed
- Address: 5 Madison Avenue
- Market: Flatiron District
- Keys: 271
- Buyer: Kam Sang
- Seller: ADIA (Abu Dhabi Investment Authority)
- Sale Brokers: Jeff Davis, Scott Ellman, Alyssa Kidd & Natasha Balkovic - Eastdil Secured
The deal was facilitated by a team of brokers from Eastdil Secured, consisting of Jeff Davis, Scott Ellman, Alyssa Kidd, and Natasha Balkovic, representing both the buyer and the seller in this transaction.
Players
BROKERAGE
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$13,333,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$888,197.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,185,127.54
Annual Debt Service$14,221,530.53
Is there something missing? Send suggestions