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Emmut Properties Acquires 45 West 81st Street Hotel On Upper West Side For $80M

45 West 81st Street
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This Hotel property located in NY was sold for $80,000,000 about 2 years ago.

Located in the Upper West Side, the property at 45 West 81st Street has recently changed ownership. The transaction, which took place on December 29, 2021, involved the sale of a hotel asset. The property spans approximately 133,202 square feet and was purchased for a price of $80,000,000, equating to a price per square foot of $600. The deal included 215 keys, with an average price per key of $372,093.

Summary of transation details

  • Property Type: Hotel
  • Transaction Amount: $80,000,000
  • Address: 45 West 81st Street
  • Market: Upper West Side

The buyer in this transaction was Emmut Properties, represented by John Young. On the other side, the seller was Harry Krakowski. The deal showcases the involvement of key individuals in bringing about the successful sale of the hotel property.

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Deals
  • Location
    45 West 81st Street45 West 81st Street
  • Sale Price
    $80,000,000$80,000,000
    $600 PPSF$600 PPSF
  • Area
    133,202 SF133,202 SF
  • Asset Type
    HotelHotel

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Deal Summary

SALE DATE: 12/29/2021 ADDRESS: 45 West 81st Street MARKET: Upper West Side ASSET TYPE: Hotel BUYER: Emmut Properties - John Young SELLER: Harry Krakowski SALE PRICE: $80,000,000 KEYS: 215 ~ PPK: $372,093 SF: 133,202 ~ PPSF: $600

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