Commercial Real Estate
New York

RCG Longview sells Harlem hotel for $34M

Buyer is California-based Core Capital Investments

Aloft hotel at <a class="lavamap_link" style="text-decoration: none !important; color: inherit; box-shadow:none !important; pointer-events: none; cursor: default;" href="https://lavamap.com/property/2296-Frederick-Douglass-Boulevard-New-York-NY-10027/1019297504-0" target="_blank" data-address="2296%20Frederick%20Douglass%20Boulevard%2C%20New%20York" data-label="2296%20Frederick%20Douglass%20Boulevard" data-url="https%3A%2F%2Flavamap.com%2Fproperty%2F2296-Frederick-Douglass-Boulevard-New-York-NY-10027%2F1019297504-0" data-bbl="1019297504" data-blockValue="01929" data-lotValue="7504" data-zipcode="10027" data-bldgArea="101%2C943" data-bldgDepth="137" data-bldgFront="125" data-landUse="Mixed%20resi%20%26%20comm%20buildings" data-lotArea="15%2C078" data-lotFront="125.92" data-lotDepth="137.5" data-retailArea="3%2C526" data-resArea="40%2C154" data-officeArea="0" data-garageArea="0" data-strgeArea="0" data-factryArea="0" data-otherArea="1%2C157" data-bldgClass="R0" data-primaryZoning="C4-4D" data-commercialOverlay="C2-4" data-far="6.02" data-buildable="90%2C769" data-airRights="-11%2C157" data-propertyNeighborhood="Central%20Harlem" data-latitude="40.8091214922982" data-longitude="-73.9514711848416" data-moreList="%5B%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FviewOnMap.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F2296-Frederick-Douglass-Boulevard-New-York-NY-10027%5C%2F1019297504-0%22%2C%22urlLabel%22%3A%22View%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2Fownership.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F2296-Frederick-Douglass-Boulevard-New-York-NY-10027%5C%2F1019297504-1%22%2C%22urlLabel%22%3A%22View%20Ownership%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FleaseComps.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Ftherealdeal.com%5C%2Fnew-research%22%2C%22urlLabel%22%3A%22TRData%22%7D%5D" data-articleList="%5B%5D" rel="noopener noreferrer">2296 Frederick Douglass Boulevard</a>

Aloft hotel at 2296 Frederick Douglass Boulevard

RCG Longview sold its 124-room Aloft Hotel in Harlem to California-based investor Core Capital Investments for $33.8 million, property records filed with the city Thursday show.

The Aloft, at 2296 Frederick Douglas Boulevard, is housed inside a hotel condominium that’s part of the Apex condominium building at the corner of West 124th Street.

The hotel unit spans a little more than 57,000 square feet from the building’s sub-cellar through the sixth floor.

Representatives for RCG Longview and Core Capital could not be immediately reached. United Overseas Bank provided the Irvine, California-based buyer with a $20.9 million acquisition loan.

COMPANIES AND PEOPLE

Tags
Commercial Real Estate
New York

RCG Longview sells Harlem hotel for $34M

Buyer is California-based Core Capital Investments

Aloft hotel at <a class="lavamap_link" style="text-decoration: none !important; color: inherit; box-shadow:none !important; pointer-events: none; cursor: default;" href="https://lavamap.com/property/2296-Frederick-Douglass-Boulevard-New-York-NY-10027/1019297504-0" target="_blank" data-address="2296%20Frederick%20Douglass%20Boulevard%2C%20New%20York" data-label="2296%20Frederick%20Douglass%20Boulevard" data-url="https%3A%2F%2Flavamap.com%2Fproperty%2F2296-Frederick-Douglass-Boulevard-New-York-NY-10027%2F1019297504-0" data-bbl="1019297504" data-blockValue="01929" data-lotValue="7504" data-zipcode="10027" data-bldgArea="101%2C943" data-bldgDepth="137" data-bldgFront="125" data-landUse="Mixed%20resi%20%26%20comm%20buildings" data-lotArea="15%2C078" data-lotFront="125.92" data-lotDepth="137.5" data-retailArea="3%2C526" data-resArea="40%2C154" data-officeArea="0" data-garageArea="0" data-strgeArea="0" data-factryArea="0" data-otherArea="1%2C157" data-bldgClass="R0" data-primaryZoning="C4-4D" data-commercialOverlay="C2-4" data-far="6.02" data-buildable="90%2C769" data-airRights="-11%2C157" data-propertyNeighborhood="Central%20Harlem" data-latitude="40.8091214922982" data-longitude="-73.9514711848416" data-moreList="%5B%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FviewOnMap.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F2296-Frederick-Douglass-Boulevard-New-York-NY-10027%5C%2F1019297504-0%22%2C%22urlLabel%22%3A%22View%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2Fownership.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F2296-Frederick-Douglass-Boulevard-New-York-NY-10027%5C%2F1019297504-1%22%2C%22urlLabel%22%3A%22View%20Ownership%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FleaseComps.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Ftherealdeal.com%5C%2Fnew-research%22%2C%22urlLabel%22%3A%22TRData%22%7D%5D" data-articleList="%5B%5D" rel="noopener noreferrer">2296 Frederick Douglass Boulevard</a>

Aloft hotel at 2296 Frederick Douglass Boulevard

RCG Longview sold its 124-room Aloft Hotel in Harlem to California-based investor Core Capital Investments for $33.8 million, property records filed with the city Thursday show.

The Aloft, at 2296 Frederick Douglas Boulevard, is housed inside a hotel condominium that’s part of the Apex condominium building at the corner of West 124th Street.

The hotel unit spans a little more than 57,000 square feet from the building’s sub-cellar through the sixth floor.

Representatives for RCG Longview and Core Capital could not be immediately reached. United Overseas Bank provided the Irvine, California-based buyer with a $20.9 million acquisition loan.

COMPANIES AND PEOPLE

Tags