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New Yorker Lofts (Historic Bray Hotel Bldg) 1114 Baltimore Ave 30 Unit Apartment Building $4,500,000 ($150,000/Unit) 5.77% Cap Rate Kansas City, MO 64105
Executive Summary
Crossroads Real Estate Group is pleased to present the exclusive listing of New Yorker Lofts. Originally constructed in 1915 as the Bray Hotel, this iconic property listed on the National Register of Historic Places is known as “Kansas City’s Skinniest Skyscraper” and was comprehensively renovated in 2018 into 29 modern loft apartments featuring upgraded kitchens with stainless-steel appliances, stone countertops, sleek baths, Nest thermostats, and Google Fiber.
The ground-floor commercial space is home to Made In KC Café and its adjoining speakeasy, attracting both residents and steady downtown foot traffic. On-site amenities include a resident lounge, fitness room, laundry center, and dedicated storage. Ideally located in the heart of downtown, the building sits just steps from the streetcar, Power & Light District, Crossroads Arts District, First Fridays, and the Kauffman Center for the Performing Arts.
The ground-floor commercial space is home to Made In KC Café and its adjoining speakeasy, attracting both residents and steady downtown foot traffic. On-site amenities include a resident lounge, fitness room, laundry center, and dedicated storage. Ideally located in the heart of downtown, the building sits just steps from the streetcar, Power & Light District, Crossroads Arts District, First Fridays, and the Kauffman Center for the Performing Arts.
Property Facts
| Price | $4,500,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $150,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 5.77% | Building Size | 18,578 SF |
| No. Units | 30 | Average Occupancy | 93% |
| Property Type | Multifamily | No. Stories | 9 |
| Property Subtype | Apartment | Year Built/Renovated | 1915/2018 |
| Price | $4,500,000 |
| Price Per Unit | $150,000 |
| Sale Type | Investment |
| Cap Rate | 5.77% |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.10 AC |
| Building Size | 18,578 SF |
| Average Occupancy | 93% |
| No. Stories | 9 |
| Year Built/Renovated | 1915/2018 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 22 | - | - |
| Studios | 7 | - | - |
1 1
Walk Score®
Walker's Paradise (96)
Property Taxes
| Parcel Number | 29-220-46-07-00-0-00-000 | Improvements Assessment | $532,710 |
| Land Assessment | $177,554 | Total Assessment | $710,264 |
Property Taxes
Parcel Number
29-220-46-07-00-0-00-000
Land Assessment
$177,554
Improvements Assessment
$532,710
Total Assessment
$710,264
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New Yorker Lofts (Historic Bray Hotel Bldg) | 1114 Baltimore Ave
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