For Sale
$60,000,000
New York NY Grand St & Mott St New York, NY 10013
100-key hotel, $60M, high ROI.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- 100-key hotel in Manhattan's Chinatown, offering a compelling value-add opportunity.
- 50,000 square foot, eight-story building on an 8,000 square foot lot with 500 square feet of air rights, zoned C6-1G/LI 8000.
- $60,000,000 asking price ($1,200/SF, $600,000/key); $5,000,000 current NOI, 8.33% cap rate.
- Built in 2006, fully renovated the same year, 100% occupancy (as of May 1, 2024).
- Available for sale or net lease (10-99 year terms); $2.5 million security deposit required; key money to be discussed separately.
Property Details for New York NY Grand St & Mott St
- Property type
- Hospitality properties, Hotels
- Square Feet
- 50,000 SF
- Year Built/Renovated
- 2006/2006
- Buildings
- 1
- Stories
- 8
Location Insight
- City
- New York
- County
- New York
- State
- New York
- Latitude
- 40.719057
- Longitude
- -73.9964877
Nearby Similar for Sale
FAQs
- What type of property is this?
- Hospitality property - 100-key hotel, $60M, high ROI.
- Where is the hospitality property located?
- The property is located at New York NY Grand St & Mott St New York, NY.
- What is the asking price?
- The asking price for this property is $60,000,000.
- What are key features of this property?
- This property features: 100-key hotel in Manhattan's Chinatown, offering a compelling value-add opportunity.; 50,000 square foot, eight-story building on an 8,000 square foot lot with 500 square feet of air rights, zoned C6-1G/LI 8000.; $60,000,000 asking price ($1,200/SF, $600,000/key); $5,000,000 current NOI, 8.33% cap rate.
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