Arthouse Hotel
A hotel property in New York, New York. Securitized in 1 CMBS deal in 2024.
$161.0MAppraised value (latest deal)
79.9%Occupancy
$10.9MUnderwritten NOI
6.7%Implied cap rate
- Address
- 2178 Broadway, New York, NY 10024
- Property type
- Hotel · Full Service
- Year built
- 1910
- Size
- 291 Rooms
- Sponsor
- Ben Ashkenazy and Eric Aintabi
- Loan purpose
- Recapitalization
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BMO 2024-5C6 | 2024-09-12 | $161.0M | 79.9% | $10.9M | 6.7% | $10.0M | 52.8% | 1.53x | 424B |
Historical NOI reported in BMO 2024-5C6
| Period ending | NOI |
|---|---|
| 5/31/2024 | $11.0M |
| 12/31/2023 | $11.4M |
| 12/31/2022 | $9.5M |
More CMBS properties in New York →
Figures are read from Annex A-1 of the trust's SEC prospectus as of the deal's cut-off date. Parsing can misread a cell; the prospectus link is the authoritative source. Implied cap rate = underwritten NOI ÷ appraised value, shown only between 2% and 20%.