H.I.S. Hospitality Acquires Hotel On West 35th Street For $44M
235 W 35th St, New York, NY 10001, USA
$44,000,000
$1,058/SF
Building Size
41,584 SF
Asset Type
Other
Closing
Sep 30, 2018
About this deal
AI
A hotel property located at 235 West 35th Street in Midtown, New York has been sold for a recorded price of $44 million. The property is under the ownership of H.I.S. Hospitality, with Tatsuya Fukuda serving as the Managing Director and Principal.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $44M
- Address: 235 West 35th Street, Midtown, New York
- Market: Manhattan
The seller of the hotel property was Li Hui Lo. The buyer, H.I.S. Hospitality, was represented by Tatsuya Fukuda as their Managing Director and Principal.
On the Map
$44,000,000
$1,058/SF
Other
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New York Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93