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TownePlace Suites Times Square 324 W 44th St 114 Room Hotel New York, NY 10036 For Sale
INVESTMENT HIGHLIGHTS
- Constructed in 2018, The TownePlace Suites feature 114 guest rooms with in-room kitchens, fitness center, lobby café, and valet dry cleaning.
- Located within walking distance of the Times Square–42nd Street transit hub and the Port Authority Bus Terminal.
- Situated within a 5-minute walk to Times Square, one of the world’s most visited destinations, creating exceptional pedestrian traffic and year-round
- 198K total visits, annually | 3.3% increase in visits YOY
EXECUTIVE SUMMARY
RIPCO REAL ESTATE has been exclusively retained to market the ground lease position at 324 West 44th Street in Hell’s Kitchen, NY 10036.
The property is situated on the south side of West 44th Street between 8th Avenue and 9th Avenue, in the heart of Midtown West’s Hell’s Kitchen neighborhood, one block from Times Square—one of the most visited destinations globally. The Property is within immediate proximity to several other highly-visited locations, including the Broadway Theater District, Madison Square Garden, Penn Station, Hudson Yards, and Bryant Park, and is surrounded by a dense concentration of hotels, theaters, restaurants, and entertainment venues that generate exceptional pedestrian activity and year-round tourism demand.
Inquire with exclusive agents for more information.
The property is situated on the south side of West 44th Street between 8th Avenue and 9th Avenue, in the heart of Midtown West’s Hell’s Kitchen neighborhood, one block from Times Square—one of the most visited destinations globally. The Property is within immediate proximity to several other highly-visited locations, including the Broadway Theater District, Madison Square Garden, Penn Station, Hudson Yards, and Bryant Park, and is surrounded by a dense concentration of hotels, theaters, restaurants, and entertainment venues that generate exceptional pedestrian activity and year-round tourism demand.
Inquire with exclusive agents for more information.
PROPERTY FACTS
| Sale Type | Investment | Building Size | 35,420 SF |
| Sale Condition | Ground Lease (Leasehold) | No. Rooms | 114 |
| Property Type | Hospitality | No. Stories | 7 |
| Property Subtype | Hotel | Year Built | 2018 |
| Building Class | B | Corridor | Interior |
| Lot Size | 0.19 AC | ||
| Zoning | C6-2 (R8) - CL | ||
| Sale Type | Investment |
| Sale Condition | Ground Lease (Leasehold) |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.19 AC |
| Building Size | 35,420 SF |
| No. Rooms | 114 |
| No. Stories | 7 |
| Year Built | 2018 |
| Corridor | Interior |
| Zoning | C6-2 (R8) - CL |
AMENITIES
- Business Center
- Fitness Center
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Digital key
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 114 | $717.02 CAD | - |
1 1
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 1034-0044 | Improvements Assessment | $6,151,514 CAD |
| Land Assessment | $3,089,228 CAD | Total Assessment | $9,240,742 CAD |
PROPERTY TAXES
Parcel Number
1034-0044
Land Assessment
$3,089,228 CAD
Improvements Assessment
$6,151,514 CAD
Total Assessment
$9,240,742 CAD
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TownePlace Suites Times Square | 324 W 44th St
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