SOLDHotel
Kam Sang Acquires Hotel In Flatiron District From ADIA For 271 Keys
5 Madison Avenue
Building Size
234,928 SF
Asset Type
Hotel
Closing
Oct 19, 2025
About this deal
AI
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.
On the Map
Hotel
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Players
Eastdil Secured SavillsBrokerage
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
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93