SOLD
Jay Sugarman & Marcos Alvarado - Safehold Inc. Acquires Hotel In Nomad For $77.5M
32 West 29th Street
Hotel
50,150 SF
50,150 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Hotel
50,150 sqft
1170 Broadway, located in the Nomad market, was sold in a note sale transaction. The property is a hotel with a total area of 112,608 square feet. The sale price for the property amounted to $77,456,250, resulting in a price per square foot of $687.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $77,456,250
- Address: 1170 Broadway
- Market: Nomad
- Square Footage: 112,608
- Price per Square Foot: $687
The buyer in this transaction was Jay Sugarman & Marcos Alvarado, representing Safehold Inc. The seller was Haddad Brands.
Details
SOLD
IMAGE: SALE
IMAGE: Jay Sugarman & Marcos Alvarado
DATE: 10/27/2021
ADDRESS: 1170 Broadway
MARKET: Nomad
ASSET TYPE: Hotel
BUYER: Jay Sugarman & Marcos Alvarado - Safehold Inc.
SELLER: Haddad Brands
SALE PRICE: $77,456,250
SF: 112,608 ~ PPSF: $687View on map
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Address32 West 29th Street
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