FINANCEDOther
Simon Reuben And David Reuben Landlord To Dream Hotels For $62.5M Loan
130 W 44th St, New York, NY 10036, USA
$62,500,000
$82/SF
Building Size
754,210 SF
Asset Type
Other
Closing
Dec 18, 2019
About this deal
AI
The hotel property at 130 West 44th Street in Times Square has been involved in a closed transaction. The property spans a total area of 75,421 square feet.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $62,500,000
- Lender: Motcomb Estates – Simon Reuben & David Reuben
- Landlord: @DreamHotels – Sant & Vikram Chatwal
- SF: 75,421
The transaction involved Motcomb Estates, represented by Simon Reuben and David Reuben, as the lender. The landlord, @DreamHotels, was represented by Sant and Vikram Chatwal.
Players
New York Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93