Navika Capital Acquires Hotel At 75 Wall Street In Financial District For $85M
75 Wall Street, New York City, New York 10005, United States
$85,000,000
$386/SF
Building Size
220,000 SF
Asset Type
Hotel
Closing
Dec 30, 2021
About this deal
AI
The Hotel located at 75 Wall Street in the Financial District has been sold for a price of $85,000,000. The property spans across 220,000 square feet, resulting in a price per square foot of $386. The transaction took place on December 30, 2021.
Summary of Transaction Details
- Property Type: Hotel
- Transaction Amount: $85,000,000
- Address: 75 Wall Street
- Market: Financial District
Navika Capital has acquired the Hotel from the Hakimian Organization. The deal was facilitated by Michael Steinberg from Empire Business Mgmt acting as the broker.
Players
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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