Daily limit: 0/10
Shlomi Tahan Of Dan Hotels Acquires NoMo SoHo Hotel From Alex Sapir For $125 Million
SOLD
$125,000,000
New York
See Similar DealsHotel
Sold 10/27/2025
SOLD
Shlomi Tahan Of Dan Hotels Acquires NoMo SoHo Hotel From Alex Sapir For $125 Million
9 Crosby Street
See Similar DealsHotel
Sold 10/27/2025
Summary
NEW YORK
Asset Type:Hotel
Transaction Type:Sale
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.
Players
BUYER
SELLER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$6,666,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$444,098.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$592,563.77
Annual Debt Service$7,110,765.26
Is there something missing? Send suggestions