Shlomi Tahan Of Dan Hotels Acquires NoMo SoHo Hotel From Alex Sapir For $125 Million
9 Crosby Street
$125,000,000
Building Size
—
Asset Type
Hotel
Closing
Oct 27, 2025
About this deal
AI
The 9 Crosby Street property is a hotel asset located in Manhattan with a sale price of $125 million. This transaction involves a total of 264 keys, translating to a price per key of $473,485. The property was previously operated as the NoMo SoHo hotel and will undergo renovations following the acquisition.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $125,000,000
- Address: 9 Crosby Street
- Market: Manhattan
- Keys: 264
- PPK: $473,485
- Buyer: Shlomi Tahan - Dan Hotels
- Seller: Alex Sapir - Sapir Corp
Shlomi Tahan represents Dan Hotels, marking the company's first venture in the U.S. with this acquisition from Alex Sapir, who represents Sapir Corp. As part of their international expansion strategy, Dan Hotels plans to implement renovations on the property.
On the Map
$125,000,000
Hotel
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Players
New York Hotel Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93