Realized Sale
1164-1172 Broadway
NEW YORK, NY
RMB Advised the owner of the Fee Simple Interest Subject to a Long Term Ground Lease with the Nomad Hotel (AKA The Ned Hotel) formerly known as the Johnston Building. The property is a 12 Story Hotel.
Property TYPE
THE NED NOMAD HOTEL
Square Footage
1164-1170 Broadway AKA 12-18 West 28th Street is better known as the Nomad Hotel and is now renamed as the Ned Hotel. The property is located in Nomad at the corner of Broadway and 28th Street. The Hotel has 112,600 SF with a total of 167 Guest Rooms.
STORY
RMB advised the owner of the Nomad Hotel to sell the Fee Simple Interest to Safehold (istar) for $77,500,000. The deal was bought with no bank financing off the Safehold Balance Sheet. This property was owned by the same family for 70 Years.
Building Height
12 Story Hotel Built in 1903 with 112,600 SF AKA The Ned Hotel, Situated on Broadway, in the Johnston Building, The Ned NoMad houses 167 bedrooms and suites, Cecconi’s, Little Ned, Ned’s Club Downstairs as well as Ned’s Club Upstairs rooftop, a members-only space.
Realized Sale
1164-1172 Broadway
NEW YORK, NY
RMB Advised the owner of the Fee Simple Interest Subject to a Long Term Ground Lease with the Nomad Hotel (AKA The Ned Hotel) formerly known as the Johnston Building. The property is a 12 Story Hotel.
Property TYPE
THE NED NOMAD HOTEL
Square Footage
1164-1170 Broadway AKA 12-18 West 28th Street is better known as the Nomad Hotel and is now renamed as the Ned Hotel. The property is located in Nomad at the corner of Broadway and 28th Street. The Hotel has 112,600 SF with a total of 167 Guest Rooms.
STORY
RMB advised the owner of the Nomad Hotel to sell the Fee Simple Interest to Safehold (istar) for $77,500,000. The deal was bought with no bank financing off the Safehold Balance Sheet. This property was owned by the same family for 70 Years.
Building Height
12 Story Hotel Built in 1903 with 112,600 SF AKA The Ned Hotel, Situated on Broadway, in the Johnston Building, The Ned NoMad houses 167 bedrooms and suites, Cecconi’s, Little Ned, Ned’s Club Downstairs as well as Ned’s Club Upstairs rooftop, a members-only space.