8 Albany St - Hospitality FOR SALE


New York, NY 10006
$100,000,000 USD
646-928-5434
8 Albany St, New York, NY for Sale
$100,000,000 USD
Hospitality - FOR SALE
1/8
null | Request Cap Rate

8 Albany St
New York, NY 10006


HIGHLIGHTS

  • Transferrable $50M Liberty Bond Enhancement; a unique value proposition including assumable benefits of sub 3% Liberty Bonds maturing in Q4 2042.
  • One of the most premier upscale luxury hotel, residential, and retail markets, irreplaceable live/work/play at the crossroads of Lower and Midtown.
  • Opportunity to acquire a luxury hotel in the heart of the transformed Financial District, fully unencumbered by management and affiliation.
  • Enjoy a prominent Downtown location with magnificent, panoramic views, plus leased food and beverage operations.
  • Significant ROI opportunities with unparalleled optionality.

OVERVIEW

KSR has exclusively solicited offers to purchase the fee simple interest in the Washington Hotel, a luxury hotel in the center of the Financial District in Lower Manhattan by Battery Park. The hotel features 217 guestrooms and 11,000+ square feet of prime retail. The Hotel may be acquired unencumbered by management and affiliation, presenting an exceedingly rare opportunity for a new owner to pursue a management and affiliation strategy of their choice. The hotel guest rooms, including the event banquette, lobby bar, and lounge areas, are all union, while the retail/restaurant space is non-union. The opportunity exists in one of the world's strongest-performing commercial real estate markets. The Hotel is defined by a spirit of independence and individuality, offering a unique and distinctive luxury experience at this prime location. Ample meeting spaces and a uniquely distinctive location make The Washington Hotel ideal for business and leisure travel markets. The Washington Hotel at Albany Street is playing an important role in re-establishing the vibrant and diverse community of Lower Manhattan.

FOR SALE DETAILS

PRICE

$100,000,000 USD

PRICE/SF

$757 USD /SF

# OF ROOMS

217

PRICE/ROOM

$460,829 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Washington by LuxUrban

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

58

ROOM ENTRANCE

Interior

BUILDING CLASS

A

YEAR BUILT

2007

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

C6-9

APN/PARCEL ID

0053-1398

ASK ABOUT THIS PROPERTY

Dan ShapiroKassin Sabbagh RealtyMore Info
646-928-5434

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Dan ShapiroKassin Sabbagh RealtyMore Info
646-928-5434

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