For Sale
$105,000,000

Albany St New York, NY 10001

217-key hotel, prime location, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 217-key hotel, located at 8 Albany Street in New York City's Financial District, presents a compelling investment opportunity. Boasting unparalleled panoramic city views, this architectural gem occupies floors 2-22, plus portions of the basement and ground floor, within a larger building. The hotel features approximately 11,118 square feet of leasable retail space, in addition to a total gross building area of approximately 143,281 square feet. Built in 2019 and renovated in 2021, the property currently enjoys an 83.2% occupancy rate. Key features include a hotel lobby bar/restaurant, a mezzanine level ideal for dining and events, and ample outdoor seating on the ground floor for food and beverage service. The sale includes rights to existing leases. This Class A hotel represents a rare chance to acquire a high-performing asset in a coveted location. The asking price is $105,000,000.

Highlights

  • $105,000,000 Asking Price
  • 217-key Hotel in New York City's Financial District
  • 11,118 - 143,281 square feet, including retail space
  • 83.2% Occupancy
  • Built in 2019, Renovated in 2021

Property Details for 0 Albany St

Property type
Hospitality properties, Hotels
Square Feet
11,118 SF
Year Built/Renovated
2019/2021

Location Insight

City
New York
County
New York
State
New York
Latitude
40.7536854
Longitude
-73.9991637

FAQs

What type of property is this?
Hospitality property - 217-key hotel, prime location, high occupancy.
Where is the hospitality property located?
The property is located at Albany St New York, NY.
What is the asking price?
The asking price for this property is $105,000,000.
What are key features of this property?
This property features: $105,000,000 Asking Price; 217-key Hotel in New York City's Financial District; 11,118 - 143,281 square feet, including retail space
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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0 Albany St
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