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Hotel or Residential Condo Redevelopment 449 W 36th St

40 Room Hotel New York, NY 10018 £12,519,200 (£312,980/Room) 8% Net Initial Yield

Investment Highlights

  • New Building has all Amenties as the existing hotel plus
  • Private Laundry Room / Private Balcony
  • Private Floor with Elevator direct to the Residential Unit

Executive Summary

Redevelopment Project / Hotel to Residential Condo / Conversion Project
Existing Building Size 12,340 SF
Approved Plan: 18,000 sq. ft. residential condo building
New Building Size: approximately 18,000 sq. ft.
Walking Distance from Hudson Yards, Manhattan West, Javits' Convention Center, and NYC Transit
One year ago, this hotel was rented to migrants / refugees. The owner is getting $195 per room fully
occupied everyday, yearly $2.87 millions with very little expense … real estate tax and insurance
For now, with migrants / refugees income, buyer will be getting over 10% cap return.
Please contact The Exclusive Broker for Approved Floor and Further Information
Hotel Real Estate Group
Simon Lou
President / CEO
445 Park Av. 9th Floor
New York NY 10022
Phone: 917 328 3611
Email: Hotel107@aol.com

Attachments

449 West 36th St Hotel for Sale

Financial Summary (Actual - 2022) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2022) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £12,519,200 Lot Size 0.57 AC
Price Per Room £312,980 Building Size 12,340 SF
Sale Type Investment No. Rooms 40
Net Initial Yield 8% Number of Floors 10
Sale Conditions
Development Sale
  • Shell & Core
 Year Built/Renovated 2005/2013
Property Type Hospitality Tenancy Single
Property Subtype Hotel Corridor Interior
Building Class B
Price £12,519,200
Price Per Room £312,980
Sale Type Investment
Net Initial Yield 8%
Sale Conditions
Development Sale
  • Shell & Core
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 0.57 AC
Building Size 12,340 SF
No. Rooms 40
Number of Floors 10
Year Built/Renovated 2005/2013
Tenancy Single
Corridor Interior

Amenities

  • High Speed Internet Access
  • Public Access Wi-Fi
  • Smoke-Free

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 40 £97.02 -
1 of 1
Walk Score ®
Walker's Paradise (98)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Biker's Paradise (92)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 0734-0007 Total Assessment £1,189,684 (2024)
Land Assessment £471,817 (2024) Annual Taxes -£1 (£0.00/sf)
Improvements Assessment £717,867 (2024) Tax Year 2022

PROPERTY TAXES

Parcel Number
0734-0007
Land Assessment
£471,817 (2024)
Improvements Assessment
£717,867 (2024)
Total Assessment
£1,189,684 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2022

zoning

Zoning Code R8A (C2-5/R8A/HY Permits converting the property to multifamily apartments, condos or coops ...)
R8A (C2-5/R8A/HY Permits converting the property to multifamily apartments, condos or coops ...)
(917) 328-3611

Contact

  • Listing ID: 27762034

  • Date on Market: 15/02/2023

  • Last Updated:

  • Address: 449 W 36th St, New York, NY 10018

The Hospitality Property at 449 W 36th St, New York, NY 10018 is currently available for sale. Contact Hotel Real Estate Group for more information.

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Hotel or Residential Condo Redevelopment | 449 W 36th St
(917) 328-3611 x

Hotel or Residential Condo Redevelopment | 449 W 36th St

Simon Lou

(917) 328-3611

(917) 328-3611

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