| 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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