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Imperial Court Hotel 307 W 79th St 120 Room Hotel New York, NY 10024 For Sale
Investment Highlights
- Redevelopment Opportunity for Affordable Housing, Condos, etc
Executive Summary
Stephen P. Wald Real Estate Associates, Inc. has been exclusively retained to
represent the sale of 307 West 79th Street, New York, NY 10024, The Park Imperial Hotel. This is a rare opportunity to acquire and redevelop a 10 story, 228-unit (Class A SRO), 80,646 square foot, Pre-War asset with significant air rights in a prime Upper West Side location.
represent the sale of 307 West 79th Street, New York, NY 10024, The Park Imperial Hotel. This is a rare opportunity to acquire and redevelop a 10 story, 228-unit (Class A SRO), 80,646 square foot, Pre-War asset with significant air rights in a prime Upper West Side location.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$600,000
|
$7.44
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$600,000
|
$7.44
|
Financial Summary (Actual - 2025)
| Taxes | |
|---|---|
| Annual | $600,000 |
| Annual Per SF | $7.44 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $600,000 |
| Annual Per SF | $7.44 |
Property Facts
| Sale Type | Investment | Building Size | 80,646 SF |
| Sale Condition | Redevelopment Project | No. Rooms | 120 |
| Property Type | Hospitality | No. Stories | 10 |
| Property Subtype | Hotel | Year Built/Renovated | 1906/1943 |
| Building Class | C | Tenancy | Single |
| Lot Size | 0.23 AC | Corridor | Interior |
| Zoning | R10A - R10A Zoning in NYC is high density residential zoning district. | ||
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 80,646 SF |
| No. Rooms | 120 |
| No. Stories | 10 |
| Year Built/Renovated | 1906/1943 |
| Tenancy | Single |
| Corridor | Interior |
| Zoning | R10A - R10A Zoning in NYC is high density residential zoning district. |
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Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 1244-0008 | Total Assessment | $5,523,120 |
| Land Assessment | $3,240,000 | Annual Taxes | $600,000 ($7.44/SF) |
| Improvements Assessment | $2,283,120 | Tax Year | 2025 |
Property Taxes
Parcel Number
1244-0008
Land Assessment
$3,240,000
Improvements Assessment
$2,283,120
Total Assessment
$5,523,120
Annual Taxes
$600,000 ($7.44/SF)
Tax Year
2025
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Imperial Court Hotel | 307 W 79th St
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