Year:
$50,000,000Location:
UrbanProperty Types:
HotelRooms:
70Stories:
9For Sale
Price $50,000,000 / Price/Room $714,286 /
Price/SF $1,408.61 / On Market 1,196 Days / Last Updated Mar 20, 2023 / NOI $1,800,000
Building
Type Hotel (Hotel Opened Jan 2006) / Location Urban
Rooms 70 / Stories 9
GBA 35,496 SF / Typical Floor 3,468 SF / Building Ht 92′
Year Built 1879 / Renovated 2006
Land
Land Acres 0.09 AC / Bldg FAR 9.05
Land SF 3,920 SF / Dimensions 34‘ x 120’ / Zoning M1-5
Sale Notes
Hotel Income $1,200,000 / year
Retail Income $500,000 / year
Buy entire building fee simple asking $50 millions
About the Owner
King Fook
Realty Corporation(Owner) 219 Canal St NYC (917) 864-9835 (p)
Financials
Revenue 2020(Per SF)
Gross Rental Income $2,000,000 / $56.34/sf-
Effective Gross Income $2,000,000 / $56.34/sf
Expenses
Operating Expenses $200,000 / $5.63/sf
Taxes $400,000 / $11.27/sf
Total Expenses $600,000 / $16.90/sf
Net Operating Income $1,400,000 / $39.44/sf
Cash Flow $1,400,000 / $39.44/sf