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Manhattan Downtown Hotel NNN Lease for Sale Lafayette Street 70 Room Hotel New York, NY 10013 $34,622,750 CAD ($494,611 CAD/Room) 7.20% Cap Rate
INVESTMENT HIGHLIGHTS
- Heavy Foot Traffic
- Corner and Great Light Exposure
- High Ceiling
EXECUTIVE SUMMARY
Hotel net income $1,600,000 / year
Retail Income $200,000 / year
Buy entire building fee simple asking $25 millions
Please contact exclusive listing broker below for further information:
Hotel Real Estate Group
Simon Lou
President / CEO
445 Park Av 9th Floor
New York NY 10022
M: +1 917 328 3611
E: hotel107@aol.com
Retail Income $200,000 / year
Buy entire building fee simple asking $25 millions
Please contact exclusive listing broker below for further information:
Hotel Real Estate Group
Simon Lou
President / CEO
445 Park Av 9th Floor
New York NY 10022
M: +1 917 328 3611
E: hotel107@aol.com
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$3,739,257
|
$105.34
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$3,739,257
|
$105.34
|
| Taxes |
$553,964
|
$15.61
|
| Operating Expenses |
$276,982
|
$7.80
|
| Total Expenses |
$830,946
|
$23.41
|
| Net Operating Income |
$2,908,311
|
$81.93
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $3,739,257 |
| Annual Per SF | $105.34 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $3,739,257 |
| Annual Per SF | $105.34 |
| Taxes (CAD) | |
|---|---|
| Annual | $553,964 |
| Annual Per SF | $15.61 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $276,982 |
| Annual Per SF | $7.80 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $830,946 |
| Annual Per SF | $23.41 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $2,908,311 |
| Annual Per SF | $81.93 |
PROPERTY FACTS
| Price | $34,622,750 CAD | Building Class | C |
| Price Per Room | $494,611 CAD | Lot Size | 0.09 AC |
| Sale Type | Investment | Building Size | 25,496 SF |
| Cap Rate | 7.20% | No. Rooms | 70 |
| Sale Condition | 1031 Exchange | No. Stories | 12 |
| Property Type | Hospitality | Year Built/Renovated | 1915/2022 |
| Property Subtype | Hotel | Corridor | Interior |
| Zoning | M1-5 - Light industrial with offices, hotels, and most retail uses permitted | ||
| Price | $34,622,750 CAD |
| Price Per Room | $494,611 CAD |
| Sale Type | Investment |
| Cap Rate | 7.20% |
| Sale Condition | 1031 Exchange |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 25,496 SF |
| No. Rooms | 70 |
| No. Stories | 12 |
| Year Built/Renovated | 1915/2022 |
| Corridor | Interior |
| Zoning | M1-5 - Light industrial with offices, hotels, and most retail uses permitted |
AMENITIES
- Restaurant
- Room Service
- On-Site Retail
- High Speed Internet Access
- Boutique/Lifestyle Hotel
ABOUT LAFAYETTE STREET , NEW YORK, NY 10013
BOUTIQUE HOTEL: THIS IS A LOFT HOTEL - HIGH CEILING plus RETAIL STORE THIS IS A LANDMARK BUILDING 42 ROOMS plus RETAIL STORE AT DOWNTOWN MANHATTAN PRIME PRIME CORNER LOCATION, NEAR SUBWAY Please contact exclusive listing broker below for further information: Hotel Real Estate Group Simon Lou President / CEO 445 Park Av 9th Floor New York NY 10022 M: +1 917 328 3611 E: hotel107@aol.com
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 2 | $727.08 CAD | - |
| Guest Room | 68 | $444.56 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 | 0196-0009 | Total Assessment | $5,621,032 CAD |
| Land Assessment | $558,792 CAD | Annual Taxes | $553,964 CAD ($21.73 CAD/SF) |
| Improvements Assessment | $5,062,240 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
0196-0009
Land Assessment
$558,792 CAD
Improvements Assessment
$5,062,240 CAD
Total Assessment
$5,621,032 CAD
Annual Taxes
$553,964 CAD ($21.73 CAD/SF)
Tax Year
2025
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Manhattan Downtown Hotel NNN Lease for Sale | Lafayette Street
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