449 W 36th St - Hospitality FOR SALE


New York, NY 10018
$16,000,000 USD
917-328-3611
449 W 36th St, New York, NY for Sale
$16,000,000 USD
Hospitality - FOR SALE
1/12
null | 8% Cap Rate

449 W 36th St
New York, NY 10018


HIGHLIGHTS

  • New Building has all Amenties as the existing hotel plus
  • Private Floor with Elevator direct to the Residential Unit
  • Private Laundry Room / Private Balcony

OVERVIEW

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

FOR SALE DETAILS

PRICE

$16,000,000 USD

PRICE/SF

$1,297 USD /SF

# OF ROOMS

40

PRICE/ROOM

$400,000 {currency}

CAP RATE

8%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hotel or Residential Condo Redevelopment

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

10

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2006

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

R8A

APN/PARCEL ID

0734-0007

ASK ABOUT THIS PROPERTY

Simon LouHotel Real Estate GroupMore Info
917-328-3611

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Simon LouHotel Real Estate GroupMore Info
917-328-3611

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.