Paramdeep Singh paid $24M to Apple Core Hotels

Paramdeep Singh through the entity Key Hotels, LLC paid Apple Core Hotels’s Kohane Remington LLC $24.0 million for 1 parcel, including the tax class transient occupancy hotel in midtown Manhattan area (H3) at 129 West 46 Street in Times Square. The deal closed on July 29, 2019 and was recorded on August 06, 2019. The parcel(s) have total development potential of 48,038 square feet.
The average sale price per square foot is $638.
The estimated cap rate is 4.8%
The last time the property sold was December 03, 2013, for $2,622,408.

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Direct link to the city’s interactive property map, ZOLA. link

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