163 orchardhotel
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This document provides details about a turn-key luxury hotel for sale in New York City's Lower East Side. The 12-story hotel sits on a lot size of 26.5 feet by 87.5 feet and contains 52 rooms plus a rooftop area. It is currently under construction and slated for completion in early 2013. The owner is asking $26 million for the property and is willing to accept a 5% deposit before construction is finished.
163 orchardhotel
- 1. 163 ORCHARD AN-CHI MIAU Associate Director amiau@lee-associates.com (646) 723-4724 or (646) 201-3650 www.leeassociatesnyc.com between stanton and rivington Lot SF: Turn-key Luxury 2,319 sf Hotel For Sale Lot Size: 12 Stories 26.5’ x 87.5‘ 52 Keys Plus Rooftop Block & Lot: 416 / 58 In the Heart of the Lower East Side Frontage: 26.5’ Delivered Complete Real Estate Taxes: Early 2013 $62,165 Projected Gross Asking $26M Revenue: $4,745,000 Owner willing to accept 5% Deposit before construction Projected NOI: $1,660,750 Close to subways: 4, 5, 6, B, D, F, J, M, N, R and Z Projected NOI Before Reserve: $2,084,750 Projected Cap Rate: 8% All information supplied is from sources deemed reliable and is furnished subject to errors, omissions, modi cations, removal of the listing from sale or lease, and to any listing conditions, including the rates and manner of payment of commissions for particular o erings imposed by principals or agreed by this Company, the terms of which are available to principals or duly licensed brokers. ANy square footage dimensions set forth are apprxoimate.