Redevelopment Project / Hotel to Residential Condo / Conversion Project
Existing Building Size 12,340 SF
Approved Plan: 18,000 sq. ft. residential condo building
New Building Size: approximately 18,000 sq. ft.
Walking Distance from Hudson Yards, Manhattan West, Javits' Convention Center, and NYC Transit
One year ago, this hotel was rented to migrants / refugees. The owner is getting $195 per room fully
occupied everyday, yearly $2.87 millions with very little expense … real estate tax and insurance
For now, with migrants / refugees income, buyer will be getting over 10% cap return.
Please contact The Exclusive Broker for Approved Floor and Further Information
Hotel Real Estate Group
Simon Lou
President / CEO
445 Park Av. 9th Floor
New York NY 10022
Phone: 917 328 3611
Email: Hotel107@aol.com