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Manhattan Downtown Hotel NNN Lease for Sale Lafayette Street 70 Room Hotel New York, NY 10013 $25,000,000 ($357,143/Room) 7.20% Cap Rate
Investment Highlights
- Heavy Foot Traffic
- Corner and Great Light Exposure
- High Ceiling
Executive Summary
Hotel net income $1,600,000 / year
Retail Income $200,000 / year
Buy entire building fee simple asking $25 millions
Please contact exclusive listing broker below for further information:
Hotel Real Estate Group
Simon Lou
President / CEO
445 Park Av 9th Floor
New York NY 10022
M: +1 917 328 3611
E: hotel107@aol.com
Retail Income $200,000 / year
Buy entire building fee simple asking $25 millions
Please contact exclusive listing broker below for further information:
Hotel Real Estate Group
Simon Lou
President / CEO
445 Park Av 9th Floor
New York NY 10022
M: +1 917 328 3611
E: hotel107@aol.com
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$2,700,000
|
$86.50
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$2,700,000
|
$86.50
|
| Taxes |
$400,000
|
$12.81
|
| Operating Expenses |
$200,000
|
$6.41
|
| Total Expenses |
$600,000
|
$19.22
|
| Net Operating Income |
$2,100,000
|
$67.28
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $2,700,000 |
| Annual Per SF | $86.50 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $2,700,000 |
| Annual Per SF | $86.50 |
| Taxes | |
|---|---|
| Annual | $400,000 |
| Annual Per SF | $12.81 |
| Operating Expenses | |
|---|---|
| Annual | $200,000 |
| Annual Per SF | $6.41 |
| Total Expenses | |
|---|---|
| Annual | $600,000 |
| Annual Per SF | $19.22 |
| Net Operating Income | |
|---|---|
| Annual | $2,100,000 |
| Annual Per SF | $67.28 |
Property Facts
| Price | $25,000,000 | Building Class | C |
| Price Per Room | $357,143 | Lot Size | 0.09 AC |
| Sale Type | Investment | Building Size | 31,214 SF |
| Cap Rate | 7.20% | No. Rooms | 70 |
| Sale Condition | 1031 Exchange | No. Stories | 9 |
| Property Type | Hospitality | Year Built | 1915 |
| Property Subtype | Hotel | Corridor | Interior |
| Zoning | M1-5 - Light industrial with offices, hotels, and most retail uses permitted | ||
| Price | $25,000,000 |
| Price Per Room | $357,143 |
| Sale Type | Investment |
| Cap Rate | 7.20% |
| Sale Condition | 1031 Exchange |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 31,214 SF |
| No. Rooms | 70 |
| No. Stories | 9 |
| Year Built | 1915 |
| Corridor | Interior |
| Zoning | M1-5 - Light industrial with offices, hotels, and most retail uses permitted |
Amenities
- Restaurant
- Room Service
- On-Site Retail
- High Speed Internet Access
- Boutique/Lifestyle Hotel
About LAFAYETTE STREET , NEW YORK, NY 10013
BOUTIQUE HOTEL: THIS IS A LOFT HOTEL - HIGH CEILING plus RETAIL STORE THIS IS A LANDMARK BUILDING 42 ROOMS plus RETAIL STORE AT DOWNTOWN MANHATTAN PRIME PRIME CORNER LOCATION, NEAR SUBWAY Please contact exclusive listing broker below for further information: Hotel Real Estate Group Simon Lou President / CEO 445 Park Av 9th Floor New York NY 10022 M: +1 917 328 3611 E: hotel107@aol.com
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 2 | $525.00 | - |
| Guest Room | 68 | $321.00 | - |
1 1
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (94)
Property Taxes
| Parcel Number | 0196-0009 | Total Assessment | $3,987,990 |
| Land Assessment | $396,450 | Annual Taxes | $400,000 ($12.81/SF) |
| Improvements Assessment | $3,591,540 | Tax Year | 2025 |
Property Taxes
Parcel Number
0196-0009
Land Assessment
$396,450
Improvements Assessment
$3,591,540
Total Assessment
$3,987,990
Annual Taxes
$400,000 ($12.81/SF)
Tax Year
2025
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Manhattan Downtown Hotel NNN Lease for Sale | Lafayette Street
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