0 Manhattan Soho New York Ny UsaNew York, NY 10013
- Hospitality properties
- 55,000 SF
Property Details for 0 Manhattan Soho New York Ny Usa
- Year built
- 2008
- Property size (Sq ft)
- 55,000 SF
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
Exceptional opportunity to acquire a branded, 160-key hotel in the coveted SoHo neighborhood of Manhattan. This 18-story, 55,000 square foot property boasts a current NOI of $5,000,000 and a pro-forma NOI of $7,000,000, representing a 5.56% cap rate and a pro-forma cap rate of 7.78%, respectively. The hotel, built in 2008 and renovated in 2018, currently enjoys a 90% occupancy rate (as of June 30, 2021). The asking price is $90,000,000, translating to $1,636.36 per square foot and $562,500 per key. The property is zoned C6-9/LM and features one building. This is a unique owner/user investment opportunity in a prime location, with significant potential for increased profitability. The property is a partnership ownership and does not include a ground lease. Further details are available upon request.
Location Insight
- City
- New York
- County
- New York
- State
- New York
- Latitude
- 40.7218
- Longitude
- -74.0094
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- 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.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].