130 DUANE ST, NEW YORK, NY 10013-3808 For Sale

Cushman & Wakefield has been exclusively retained to offer for sale 130 Duane Street

(the “Property”), an elevatored six story hotel located on the corner of Duane & Church Streets

in the heart Tribeca, lower Manhattan’s most established and recognized neighborhood. The

Property is 100% leased and configured as ground floor retail with hotel on the upper floors.

This corner property spans 116.5’ of highly visible frontage on Church Street and 25.5’ on Duane

Street with approx. 17,452 gross square feet and 43 keys. The guestrooms and upper floors have

undergone a major capital improvement project, delivering a well pointed, boutique hospitality

product to the market.

Ownership recently signed a brand new 15-year lease with PRISM to open and operate an OYO

flagged hotel. The lease has an initial expiration in 2041 and carries an additional (5) year renewal

option. OYO is one of the world’s largest branded hospitality and tech enabled companies with

more than 157,000 locations. PRISM – OYO’s global parent company strengthens their already

robust network and platform, encompassing G6 Hospitality, operators of Motel 6 and Studio 6. In

addition to fixed annual rent, OYO pays for 91% of the Property’s real estate taxes over the base

year (2026/2027) and is responsible for water, utilities and maintenance. The Property is especially

unique as it is non-union.

The 1,800 square feet of retail is leased by Modern Bread & Bagel, one of the City’s most

recognizable premium gluten-free bakery concepts. Founded in 2019 the business has grown

nationally with 9 brick-and-mortar locations.

The Property offers investors the opportunity to own a 100% leased, non-union, cash flowing

property with national and multinational tenants on long-term leases. OYO’s excellent operating

history and its backing by parent company PRISM provide a new owner with an excellent long-term

cash flow opportunity in the heart of one of Manhattan’s most coveted neighborhoods.