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653 11th Ave, New York, NY,...

Brookfield Property Partners Purchases Property At 653 11th Ave New York For $82.7M
SOLDHotel

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

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.

Players

Jeffrey Davis

Broker

$119.7M

vol

4 deals

Broker
JLL
JLLBrokerage

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