Simon Lou / Hotel Real Estate Group
Listed by Simon Lou / Hotel Real Estate Group
$110,000,000
Manhattan Off Market corner Hotel plus Retail for Sale
Details
Property Type Hospitality
Sub Type Hotel, Furnished Rooms Property
Square Footage 110,000
Cap Rate 6.36%
NOI $7,000,000
Occupancy 100%
Brand/Tenant No Brand
Pro-Forma Cap Rate 9.09%
Pro-Forma NOI $10,000,000
Price per SqFt $1,000
Year Built 2008
Year Renovated 2018
Buildings 1
Stories 20
Lot Size (SqFt) 7,000
Zoning C6-4.5, C6-6, MID i
Investment Type Owner/User
Occupancy Date 12/30/2009
Ground Lease No
Ownership Private
Sale Condition Bank owned foreclosure
Beds 200
Hospitality | 165 Keys | $666,667/key
Marketing description
Near Times Square / Herald Square
For Capable and Serious customer(s) only
For Sale
Asking $110 millions
Thank you
Hotel Real Estate Group
Simon Lou
President / CEO
445 Park Av 9th Floor
New York NY 10022
M: 917 328 3611
E: hotel107@aol.com
Investment highlights
Near Times Square / Herald Square
For Capable and Serious customer(s) only
For Sale
Asking $110 millions
Thank you
Hotel Real Estate Group
Simon Lou
President / CEO
445 Park Av 9th Floor
New York NY 10022
M: 917 328 3611
E: hotel107@aol.com
Listing Contacts
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
$7,000,000.00
$583,333.33/mo
Valuation Metrics
0
DSCR
6.36%
Cap Rate
6.36%
ROI
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