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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
23275676

Broadway Downtown NY, New York, NY 10038

SL
NY10311206078
Simon Lou / Hotel Real Estate Group
Listed by Simon Lou / Hotel Real Estate Group
$110,000,000
397 days on market
Updated 80 days ago

TURN KEY - PUT YOUR FLAG / BRAND THERE - MANHATTAN HOTEL

Details
Property Type Hospitality
Sub Type Hotel
Square Footage 85,000
Keys 198
Beds 198
Pro-Forma Cap Rate 10.00%
Pro-Forma NOI $10,000,000
Price per SqFt $1,300
Buildings 1
Stories 28
Lot Size (SqFt) 5,062
Zoning C5-5, LM i
Investment Type Owner/User
Ownership FEE SIMPLE
Sale Condition For sale by owner

Hospitality | 198 Keys | $550,000/key

Marketing description

Non Union Hotel

Turn Key Hotel Project

Buyer shall put $5 million deposit

Developer will build according to buyer’s specification, put the buyer’s flagship brand for the buyer.

198 rooms / keys

Estimated completion time is fall of 2028

Please contact listing broker:

Hotel Real Estate Group Simon Lou
President / CEO
445 Park Av 9th Floor New York NY 10022

M: +1 917 328 3611

E: hotel107@aol.com

Investment highlights

Non Union Hotel

Turn Key Hotel Project

Buyer shall put $5 million deposit

Developer will build according to buyer’s specification, put the buyer’s flagship brand for the buyer.

198 rooms / keys

Estimated completion time is fall of 2028

Please contact listing broker:

Hotel Real Estate Group Simon Lou
President / CEO
445 Park Av 9th Floor New York NY 10022

M: +1 917 328 3611

E: hotel107@aol.com

Listing Contacts

SL
NY10311206078
Simon Lou / Hotel Real Estate Group
Listed by Simon Lou / Hotel Real Estate Group

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