facebook
Traded Co logo
Submit a Deal

Moin Development Acquires Hotel On Park Avenue South For $135M

444 Park Avenue South
PointingArrow
ShareContact

This Other property located in NY received a loan of $135,000,000 over 4 years ago. The brokers of the deal were Jonathan Aghravi and Charles Han

The property involved in this transaction is located at 444 Park Avenue South in the NoMad market. It is a hotel with a total square footage of 120,400. The transaction was closed on 12/02/2019. The loan amount provided by Keybank and Fidelis was $135,000,000. The hotel consists of 190 units.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $135,000,000
  • Address: 444 Park Avenue South
  • Market: NoMad
  • Lender: Keybank & Fidelis
  • Landlord: David Moinian @AlexMoinian – Moin Development
  • Brokers: @JonnyAhgravi & Charles Han
  • Square Footage: 120,400
  • Units: 190

The deal's key individuals include David Moinian from Moin Development, who is the landlord of the property. The brokers involved in the transaction were Jonny Ahgravi and Charles Han. They represented the parties in the deal, facilitating the transaction.

View Related

Deals
  • Location
    444 Park Ave S, New York, NY 10016, USA444 Park Ave S, New York, NY 10016, USA
  • Loan Value
    $135,000,000$135,000,000
  • Asset Type
    OtherOther
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Charles Han

Charles Han

Deals12
Financed$397.9M

Agency

JBA Equities

JBA Equities

Agency
Deals82
Volume$2.3B

Deal Summary

IMAGE: Jonathan Aghravi, David Moinian, Alex Moinian & Charles Han DATE: 12/02/2019 ADDRESS: 444 Park Avenue South MARKET: NoMad ASSET TYPE: Hotel LENDER: Keybank & Fidelis LANDLORD: David Moinian @AlexMoinian – Moin Development BROKERS: @JonnyAhgravi & Charles Han (@ceehan1021) LOAN AMOUNT: $135,000,000 SF: 120,400 UNITS: 190 NOTE: Keybank provided a $110,000,000 senior mortgage and Fidelis […]

Comparables


We could not find what you were looking for, try a different filter

Contact

Broker's profile image

444 Park Avenue South

  • Comparables

  • Contact

  • Share


  • Login to Suggest Edits