Tribeca Associates landed a $105 million for a newly completed Moxy Hotel in the Financial District.
The property, at 143 Fulton Street between Broadway and Nassau Street, is a 30-story tower with 298 rooms. SLCE Architects designed the new 364-foot-tall, 129,000-square-foot structure. The bottom two floors, which face Fulton Street, have been earmarked for retail. The third floor, meanwhile, will contain a bar. Tribeca completed construction on the site earlier this month.
The new mortgage replaces a $61 million construction loan from Bank of the Ozarks in 2016. AllianceBernstein assumed the existing debt on the property and provided a $44 million gap mortgage, according to records filed with the city Wednesday.
Tribeca’s hotel is the second Moxy location to open in New York City. The Marriott-affiliated-brand opened its flagship location at 485 Seventh Avenue last year.
Tribeca — led by Bill Brodsky, Eliott Ingerman and Mark Gordon — acquired the ground lease for the site for $54.1 million in 2016. The hotel, which has the alternate address 26 Ann Street, replaced a three-story commercial building. Representatives for Tribeca and Alliance Bernstein did not immediately respond to requests for comment.