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1495756
1495755

Broadway, New York, NY 10013

SL
NY10311206078
Simon Lou / Hotel Real Estate Group
Listed by Simon Lou / Hotel Real Estate Group
$20,000,000
2286 days on market
Updated 9 days ago

Manhattan Off Market NNN Leasehold for Sale

Details
Property Type Hospitality
Sub Type Hotel
Square Footage 35,000
Keys 70
Beds 70
Cap Rate 5%
NOI $1,000,000
Occupancy 80%
Pro-Forma Cap Rate 5%
Pro-Forma NOI $1,000,000
Price per SqFt $571
Broker Co-Op No
Buildings 1
Stories 10
Lot Size (SqFt) 3,000
Zoning Hotel
Investment Type Net Lease
Occupancy Date 03/31/2020
Ground Lease Yes
Ownership Private

Hospitality | 70 Keys | $285,714/key

Marketing description

99 years NNN lease leasehold for Sale asking $20 millions

70 rooms hotel plus 3 retail stores (entire building)

Rent: $1,000,000 per year

PRIME PRIME LOCATION
BEAUTIFUL HIGH CEILING LOFT HOTEL
LANDMARK HOTEL BUILDING
A 70 ROOM
BOUTIQUE HOTEL + RETAIL STORES

CORNER LOCATION ON BROADWAY

NEAR SUBWAY

ONLY FOR GOOD FINANCIAL, GOOD CREDIT ... EXPERIENCED HOTEL GROUP

Please contact exclusive listing broker below for further information:

Hotel Real Estate Group
Simon Lou
President / CEO
445 Park Av 9th Floor
New York NY 10022
M: +1 917 328 3611
E: [email protected]







Investment highlights

99 years NNN lease leasehold for Sale asking $20 millions

70 rooms hotel plus 3 retail stores (entire building)

Rent: $1,000,000 per year

PRIME PRIME LOCATION
BEAUTIFUL HIGH CEILING LOFT HOTEL
LANDMARK HOTEL BUILDING
A 70 ROOM
BOUTIQUE HOTEL + RETAIL STORES

CORNER LOCATION ON BROADWAY

NEAR SUBWAY

ONLY FOR GOOD FINANCIAL, GOOD CREDIT ... EXPERIENCED HOTEL GROUP

Please contact exclusive listing broker below for further information:

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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%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,000,000.00
$83,333.33/mo

Valuation Metrics

0
DSCR
5%
Cap Rate
5%
ROI

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Additional Information

Name
Simon Lou
License
10311208875
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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