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130 Duane St
New York, NY 10013
Duane Street Hotel Tribeca, Belvilla District · Hospitality Property For Sale
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42 Rooms
Investment Highlights
- Fully Leased
- Non Union Hotel
Executive Summary
Cushman & Wakefield has been exclusively retained to offer for sale 130 Duane Street (the “Property”), an elevatored six story hotel located on the corner of Duane & Church Streets in the heart Tribeca, lower Manhattan’s most established and recognized neighborhood. The Property is 100% leased and configured as ground floor retail with hotel on the upper floors. This corner property spans 116.5’ of highly visible frontage on Church Street and 25.5’ on Duane Street with approx. 17,452 gross square feet and 43 keys. The guestrooms and upper floors have undergone a major capital improvement project, delivering a well pointed, boutique hospitality product to the market.
Ownership recently signed a brand new 15-year lease with PRISM to open and operate an OYO flagged hotel. The lease has an initial expiration in 2041 and carries an additional (5) year renewal option. OYO is one of the world’s largest branded hospitality and tech enabled companies with more than 157,000 locations. PRISM – OYO’s global parent company strengthens their already
robust network and platform, encompassing G6 Hospitality, operators of Motel 6 and Studio 6. In
addition to fixed annual rent, OYO pays for 91% of the Property’s real estate taxes over the base
year (2026/2027) and is responsible for water, utilities and maintenance. The Property is especially
unique as it is non-union.
The 1,800 square feet of retail is leased by Modern Bread & Bagel, one of the City’s most
recognizable premium gluten-free bakery concepts. Founded in 2019 the business has grown
nationally with 9 brick-and-mortar locations.
The Property offers investors the opportunity to own a 100% leased, non-union, cash flowing
property with national and multinational tenants on long-term leases. OYO’s excellent operating
history and its backing by parent company PRISM provide a new owner with an excellent long-term
cash flow opportunity in the heart of one of Manhattan’s most coveted neighborhoods.
Ownership recently signed a brand new 15-year lease with PRISM to open and operate an OYO flagged hotel. The lease has an initial expiration in 2041 and carries an additional (5) year renewal option. OYO is one of the world’s largest branded hospitality and tech enabled companies with more than 157,000 locations. PRISM – OYO’s global parent company strengthens their already
robust network and platform, encompassing G6 Hospitality, operators of Motel 6 and Studio 6. In
addition to fixed annual rent, OYO pays for 91% of the Property’s real estate taxes over the base
year (2026/2027) and is responsible for water, utilities and maintenance. The Property is especially
unique as it is non-union.
The 1,800 square feet of retail is leased by Modern Bread & Bagel, one of the City’s most
recognizable premium gluten-free bakery concepts. Founded in 2019 the business has grown
nationally with 9 brick-and-mortar locations.
The Property offers investors the opportunity to own a 100% leased, non-union, cash flowing
property with national and multinational tenants on long-term leases. OYO’s excellent operating
history and its backing by parent company PRISM provide a new owner with an excellent long-term
cash flow opportunity in the heart of one of Manhattan’s most coveted neighborhoods.
Property Facts
| Sale Type | Investment | Building Size | 17,452 SF |
| Property Type | Hospitality | No. Rooms | 42 |
| Property Subtype | Hotel | No. Stories | 5 |
| Building Class | B | Year Built/Renovated | 2003/2026 |
| Lot Size | 0.07 AC | Corridor | Interior |
| Zoning | C62A - C6 districts permit a wide range of high-bulk commercial uses requiring a central location | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.07 AC |
| Building Size | 17,452 SF |
| No. Rooms | 42 |
| No. Stories | 5 |
| Year Built/Renovated | 2003/2026 |
| Corridor | Interior |
| Zoning | C62A - C6 districts permit a wide range of high-bulk commercial uses requiring a central location |
Amenities
- On-Site Retail
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 2 | $1,081 CAD | - |
| Guest Room | 40 | $858.27 CAD | - |
Property Taxes
| Parcel Number | 0146-0023 | Improvements Assessment | $3,217,583 CAD |
| Land Assessment | $1,464,165 CAD | Total Assessment | $4,681,749 CAD |
Property Taxes
Parcel Number
0146-0023
Land Assessment
$1,464,165 CAD
Improvements Assessment
$3,217,583 CAD
Total Assessment
$4,681,749 CAD
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