Brookfield Property Partners Purchases Property At 653 11th Ave New York For $82.7M
653 11th Ave, New York, NY, 10036
$82,700,000
Building Size
—
Asset Type
Hotel
Closing
Sep 25, 2019
About this deal
AI
The property involved in this transaction is located at 653 11th Ave, New York, NY, 10036. It is part of the New York market and has a transaction price of $82,700,000.00. The square footage of the property is not specified.
Summary of transaction details:
- Property Type: SALE
- Transaction Amount: $82,700,000.00
- Address: 653 11th Ave, New York, NY, 10036
- Market: New York
- Seller's Representative: Jeffrey Davis
- Buyer: Brookfield Property Partners
- Square Footage: 0
The transaction involved Jeffrey Davis representing the seller, while Brookfield Property Partners acted as the buyer. No further details about the roles or additional parties involved in the transaction have been provided.
On the Map
$82,700,000
Hotel
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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
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93