Commercial Archives - Z Realtor

The Wagner at the Battery

intonet — Mon, 17 Jul 2023 02:39:50 +0000

Year:

$60,000,000

Location:

Financial District

Property Types:

Hotel

Rooms:

298

Stories:

2 West St
Hotel Condo – Financial District Submarket New York, NY 10004

Hospitality Sale

For Sale $60,000,000 ($201,342/Room)

Building

Type Hotel
Location Urban
Rooms 298
Stories 39
GBA 528,800 SF
Typical Floor 33,057 SF
Year Built 2002
Renovated 2009
Meeting Space 13,419 SF
Max Contig 4,433 SF
Construction Steel
Sprinklers Yes
Building Ht 399′

Land

Land Acres 0.97 AC
Bldg FAR 12.52
Land SF 42,253 SF
Dimensions 395′ x 229′
Zoning BPC

About the Owner

Urban Commons LLC10250 Constellation Blvd, Suite 1750 Los Angeles, CA 90067
United States (949) 435-2380 (f)
www.urban-commons.comSince Sep 20, 2018

Based in Los Angeles, Urban Commons is one of the nation’s fastest growing privately-held real estate investment and development firms, currently active across a wide range of property types. Urban Commons works closely with municipalities, communities, and neighborhoods to create thoughtful development plans that optimize each property while delivering unparalleled public value. The name Urban Commons was derived from the company’s mission to create optimized spaces in urban settings for the overall benefit for the community.

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Blue Moon Hotel

intonet — Mon, 17 Jul 2023 01:03:25 +0000

Year:

$25,000,000

Location:

Village/Soho/Tribeca Submarket NYC

Property Types:

Hotel

Rooms:

Stories:

100 Orchard St (Between Delancey & Broome)
Hotel – Village/Soho/Tribeca Submarket NYC
Website(https://www.bluemoon-nyc.com/)

Hospitality Sale

Price $25,000,000 / Price/Room $1,136,364
Price/SF $1,599.49 / On Market 1,796 Days / Last Updated Mar 17, 2023

Building
Type Hotel (Hotel Opened Jan 2006) / Location Urban
Rooms 22 / Stories 8
GBA 15,630 SF / Typical Floor 1,954 SF / Building Ht 92′
Year Built 1879 / Renovated 2006

Land

Land Acres 0.05 AC / Bldg FAR 7.18
Land SF 2,178 SF / Dimensions 26′ x 88′ / Zoning C6-2A
Sale Notes

Blue Moon, a beloved neighborhood icon, is a stately eight-story hotel transformed from an 1879 tenement. This meritorious five-year award-winning project of outstanding recognition boasts 40-plus major articles and prestigious accolades via National Geographic Traveler, New York Magazine Critic’s Pick, Citysearch’s Best Boutique Hotel, and Rizzoli’s Best 100 Little Hotels.

The Blue Moon Hotel incorporates 22 oversized luxurious rooms that are fittingly named after legends of the 1920’s and 30’s. Accommodations range in size from 320 to 675 square feet with soaring ceilings and comfortable living spaces, many including balconies with spectacular views.

Sale Contacts

Randy Settenbrino (Owner)

(973) 777-7460 (p) / (646) 334-1603 (m) / (973) 777-1807 (p)

Blue Moon Hotel Ltd.100 Orchard St NYC (212) 674-9263

Financials

Net Operating Income $1,080,000 / $69.10/sf –

Cash Flow $1,080,000 / $69.10/sf $69.10

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Seton Hotel

intonet — Mon, 17 Jul 2023 00:53:54 +0000

Year:

$24,200,000

Location:

Urban

Property Types:

Hotel

Rooms:

Stories:

144 E 40st NYC
For Sale at $24.2M ($220M/AC)
61 Rooms ･ Economy Hotel
Independent ･ 87 Days on Market

Hospitality Sale

Price $25,000,000 / Price/Room $1,136,364
Price/SF $1,599.49 / On Market 1,796 Days / Last Updated Mar 17, 2023

For Sale
Price $24,000,000 / Price/Room $396,721
Price/SF $1,164.58 / On Market 87 Days / Last Updated May 4, 2023

Building
Type Hotel (Hotel Opened Jan 2006) / Location Urban
Rooms 61 / Stories 6
GBA 20,780 SF / Typical Floor 3,456 SF
Year Built 1931 / Renovated 2010

Land
Land Acres 0.11 AC / Bldg FAR 4.34
Land SF 4,792 SF / Dimensions 26′ x 88′ / Zoning C5-2.5

Sale Notes
The property boasts several features that make it an attractive investment opportunity. It currently produces $850K in rental income (NNN) per annum and carries a maximum ZFA of approximately 68,250 SF (56,880 SF for residential) plus the possibility of acquiring additional air rights, which gives it significant redevelopment potential. Furthermore, it enjoys unrestricted sight lines on three sides, providing attractive views suitable for condominiums. The property’s strategic location with easy access to multiple subway lines, MTA buses, the Metro-North and the LIRR, ensures excellent connectivity. It also is in close proximity to the city’s main employment centers in Midtown plus the upcoming life sciences hub in Kips Bay.

About Owner
The Limited Liability Company 940 Park Ave NYC

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Soho Garden Hotel

intonet — Mon, 17 Jul 2023 00:48:14 +0000

Year:

$50,000,000

Location:

Urban

Property Types:

Hotel

Rooms:

Stories:

For 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

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