Great Investment Hotel in Midtown Manhattan NYC

Manhattan, NY (New York County)

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Asking Price: $16,000,000

Gross Revenue: $2,526,238

Price/Sq. Ft.: N/A

NOI: $1,483,652

Building SF: 12,300

FF&E: N/A

Year Built: 2005

Great Investment Hotel in Midtown Manhattan NYC

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Property Description

Location!! Location!!! The 12,300 Sq.ft stand alone 10 floor building in the heart of Mid-Town NYC which exhibits the value of space and location which valuable hotels typically possess. The cap rate of this hotel is 9% which shows the great investment return potential. This scale of this hotel consists of 38 guest rooms with necessary amenities.

Detailed Information

Location:
Manhattan, NY
Type:
Other Business Real Estate
Building SF:
12,300
Building Status:
Established
Facilities:
The 12,300 Sq.ft stand alone 10 floor building in Mid-Town NYC exhibits the value of space and location which valuable hotels typically possess. his scale of this hotel consists of 38 guest rooms with necessary amenities.
Location Description:
The building is conveniently positioned close to Midtown, adjoin the re-born Times Square area, Javits convention center and the Theater District, home to more than 40 theaters. Between Ninth and Tenth Avenues, the property is located near A,C,E,N,R,W,B,D&7 subway lines as well as close proximity to Port Authority.
Current and Prior Use:
It is Hospitality Property Class B building. It is built for the hotel purpose and it is currently running the hotel business in Midtown Manhattan.
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Brian Kim

Property Listed By:
brian kim

C Land Reallty

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