For Sale
$80,000,000
New York NY 6Th Ave New York, NY 10022
Luxury Hotel, 180 Keys, Prime Location
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- 20-story, 180-key hotel in Manhattan's Sixth Avenue (zip code 10022), built and renovated in 2016.
- 100,000-110,000 square feet with 100% occupancy since January 1, 2021.
- Current NOI of $5,000,000 (6.25% cap rate); pro-forma NOI of $7,000,000 (8.75% cap rate).
- Asking price: $80,000,000 ($444,444.44 per key).
- C6-4A zoning; fully unionized; off-market opportunity for qualified buyers only.
Property Details for New York NY 6Th Ave
- Property type
- Hospitality properties, Hotels
- Square Feet
- 100,000 SF
- Year Built/Renovated
- 2016/2016
- Buildings
- 1
- Stories
- 20
Location Insight
- City
- New York
- County
- New York
- State
- New York
- Latitude
- 40.760588
- Longitude
- -73.9736142
Nearby Similar for Sale
FAQs
- What type of property is this?
- Hospitality property - Luxury Hotel, 180 Keys, Prime Location
- Where is the hospitality property located?
- The property is located at New York NY 6Th Ave New York, NY.
- What is the asking price?
- The asking price for this property is $80,000,000.
- What are key features of this property?
- This property features: 20-story, 180-key hotel in Manhattan's Sixth Avenue (zip code 10022), built and renovated in 2016.; 100,000-110,000 square feet with 100% occupancy since January 1, 2021.; Current NOI of $5,000,000 (6.25% cap rate); pro-forma NOI of $7,000,000 (8.75% cap rate).
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