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West 39th St
West 39th St, New York, NY 10018
$18,000,000
4,500 SF
Land
Leased Land
Full Service
Yes
-
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Last Verified 10/27/2009
Listing ID 16445332
1 Lot Available
Lot 1
$18,000,000
4,500 SF
Leased Land
Highlights
Location is pristine
- Owner financing available
Description
This newly NNN leased property will be built minimum of 42000 square feet of 4 star hotel (expecting 80,000 sqft as there may be a purchase of air rights involved) The NNN lease is for 48.5years with an additional 48.5 year option. AAA rated client. 11% increases every 4 yrs., with market adjustment after 25 year. 4.5% cap rate.
heart of Manhattan
Map of West 39th St, New York, NY 10018 (New York County)
Created 10/24/2009
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.