Description

Land Mark Hotel - Must complete NDA to get offering statement and last P & L
Just off Fifth Avenue, The Hotel is located on famed Club Row, which is close proximity to Times Square and Fifth Avenue shopping.
Sellers are flexible
Can be had at a Cap of 5.39 - 5.72
Being offered at a 5.17 Cap
Make us an offer

Located in the heart of Midtown between Fifth and Sixth Avenues, this historic hotel is just steps away from Grand Central Terminal, Broadway, Times Square, Madison Square Garden, Rockefeller Center, The Empire State Building, St.
Patrick’s Cathedral, Bryant Park and The New York Public Library.

DESCRIPTION:
The Hotel, designed in the Beaux-Arts tradition with neoclassical influences by famed architect have made this historic landmark one of New York’s most precious architectural treasures.

This historic boutique hotel features 126 classically appointed guest rooms and suites offering elegant accommodations.

The Hotel features a 24-hour, state-of-the-art fitness center with cardio equipment and weights.

Guests will also enjoy the hotel's Club Room with classic table games and free 24-hour coffee and cappuccino service.

INVESTMENT HIGHLIGHTS:
AAA Midtown Location Boutique Hotel
126 Unit Landmark Building with 13,800 Air Rights
Currently Property is NNN Leased by the Hotel
Property Will Be Delivered Vacant
Property Can be converted to Apartments or Condos

4% Buyer Commission