Mahesh Ratanji & Meyer Futersak Acquire Hotel In Hell's Kitchen For $14M From Jin Sup An
449 West 36th Street
$14,000,000
$1,134/SF
Building Size
12,340 SF
Asset Type
Hotel
Closing
Dec 30, 2024
About this deal
AI
The property involved in the transaction is a hotel located at 449 West 36th Street in the Hell's Kitchen market. It has a total square footage of 12,340, and the sale price reached $14,000,000, resulting in a price per square foot of $1,134.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $14,000,000
- Address: 449 West 36th Street
- Market: Hell's Kitchen
- Square Footage: 12,340
- Price Per Square Foot: $1,134
- Buyer: Mahesh Ratanji & Meyer Futersak
- Seller: Jin Sup An
Key individuals involved in the transaction include buyers Mahesh Ratanji and Meyer Futersak, who executed the deal with seller Jin Sup An. This transaction reflects the collaboration of the respective parties in the hotel market of Hell's Kitchen.
On the Map
$14,000,000
$1,134/SF
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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93