| Condo For Sale in Manhattan, New York USA Hotel For Sale Asking Price: $94,000,000 USD (Negotiable - Financing Available) SIDE ZONING: M1
POSSIBILITY FOR CONDO CONVERSION: ONLY FOR CONDO / HOTEL
AIR RIGHTS: USED TO MAXIMUM ZONING AND AREA RATION POSSIBLE
FINANCIAL STATEMENT: For review after sign submitting Letter of Intent (LOI) and Proof of Financing (POF)
EXISTING MANAGEMENT/FRANCHISE CONTRACT EXPIRY: 3 years left.
To be reviewed after agreement in place, Management to stay and renew contract
unless rejected by new purchasing entity.
EXISTING FRANCHISE CONTRACT AVAILABLE: To be review after agreement is in place
LOCATION: Manhattan, New York
LAND SIZE: APPROX. 5,500 SQ FT …21 STORIES…
BUILDING SIZE: Approx. 75,000 SQ FT
FULL SERVICE: Yes Mid/High Market
TOTAL ROOMS: 158
DOUBLE: 60
DOUBLE-QUINN: 98, INCLUDED: 2 SUITES about 400 SQ FT with TERRACES
AVERAGE ROOM SIZE: 300 SQ FT
SOURCE: BUSINESS TRAVELERS
INTERNAL CORRIDOR
CONVENTION/MEETING SPACE :2 Rooms 300 SQ FT EACH
RESTAURANT: 70 PEOPLE OCCUPANCY
BAR: YES FOR 15 WITH SUMMER GARDEN
ELEVATORS: 2 EACH 2000LB. CAPACITY
HEAT/AC: NEW WITH CONSTRUCTION
YEAR BUILT: 2003
PROPERTY TAX. APPROX. $500,000
RECENT IMPROVEMENTS: NOT NEEDED
FLOOR PLANS WILL BE PROVIDED
AVERAGE DAILY RATE: $250
AVERAGE DAILY OCCUPANCY: 80 to 90%
GROSS INCOME: Approx. $12,500,000 to $13,000,000
FINANCING:Existing Approx. $40,000,000 Assignable, with interest under 6.00%,
FIXED, 10 Years remaining
2007 PROJECTIONS: GROSS $13,000,000+
PRICE: $94,000,000
 | | About This Property | |
| Category: | | Hotels | | Address: | | Manhattan, Ny
Manhattan
New York
USA | | For Sale By: | | Agent | | Construction Year: | | n/a | | Area: | | n/a | | | Bedrooms: | | n/a | | Bathrooms: | | n/a | | Sleeps: | | n/a | | Stories: | | n/a | | Parking Spaces: | | n/a | |
| | Contact - More Information | |
| | Nataliya Dyakovskaya - Henry Madison Group, Inc. | | | | Phone: | | 917 699-9013
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