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Faits saillants de l'investissement
- Fully leased to the City of New York, generating immediate and stable cash flow of approximately $4.19 million annually.
- Positioned in a vibrant, rapidly growing sub-market of Manhattan with strong retail, dining, and cultural amenities nearby.
- Significant value-add potential through repositioning into a high-end hospitality concept with modern upgrades.
- Excellent long-term upside driven by ongoing neighborhood revitalization and increasing demand for hospitality assets in prime Downtown locations.
Résumé de l'annonce
Cushman & Wakefield is pleased to exclusively present 61–63 Chrystie Street, a hotel located on the west side of Chrystie Street between Hester and Canal Streets in the Lower East Side, a vibrant and rapidly growing sub-market of Manhattan.
The property spans ±40,529 square feet and is comprised of 77 hotel rooms, along with 1 commercial garage. The property is currently 100% occupied by the City of New York, which utilizes the rooms as a shelter, providing immediate, stable cash flow of approximately $4,187,645. Furthermore, this property presents a compelling value-add or user opportunity to reposition and renovate into a high-end hospitality concept with modernized units.
Situated at 61–63 Chrystie Street, the property benefits from its location at the convergence of Chinatown, Lower East Side, and NoLiTa, an area that continues to attract shoppers, tourists, and residents alike. The neighborhood’s ongoing growth, combined with its mix of historic character and modern developments, further enhances the property’s long-term appeal.
The property spans ±40,529 square feet and is comprised of 77 hotel rooms, along with 1 commercial garage. The property is currently 100% occupied by the City of New York, which utilizes the rooms as a shelter, providing immediate, stable cash flow of approximately $4,187,645. Furthermore, this property presents a compelling value-add or user opportunity to reposition and renovate into a high-end hospitality concept with modernized units.
Situated at 61–63 Chrystie Street, the property benefits from its location at the convergence of Chinatown, Lower East Side, and NoLiTa, an area that continues to attract shoppers, tourists, and residents alike. The neighborhood’s ongoing growth, combined with its mix of historic character and modern developments, further enhances the property’s long-term appeal.
Faits sur la propriété
| Prix | 39 081 559 $ CAD | Classe d’immeuble | C |
| Prix par pi² | 964,98 $ CAD | Taille du lot | 0,12 AC |
| Type de vente | Investissement ou propriétaire utilisateur | Taille du bâtiment | 40 500 pi² |
| Type de propriété | Spécialité | Nombre d’étages | 11 |
| Sous-type de propriété | Abri | Année de construction | 2020 |
| Zonage | C6-1G - Les districts C6 permettent une large gamme d'utilisations commerciales de grande envergure nécessitant un emplacement central. | ||
| Prix | 39 081 559 $ CAD |
| Prix par pi² | 964,98 $ CAD |
| Type de vente | Investissement ou propriétaire utilisateur |
| Type de propriété | Spécialité |
| Sous-type de propriété | Abri |
| Classe d’immeuble | C |
| Taille du lot | 0,12 AC |
| Taille du bâtiment | 40 500 pi² |
| Nombre d’étages | 11 |
| Année de construction | 2020 |
| Zonage | C6-1G - Les districts C6 permettent une large gamme d'utilisations commerciales de grande envergure nécessitant un emplacement central. |
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Exceptionnellement accessible à pied
100/100
Moyennement adapté aux voitures
60/100
Transports en commun exceptionnels
100/100
Exceptionnellement accessible en vélo
90/100
Impôts fonciers
| Numéro de lot | 0303-0025 | Évaluation des bâtiments | 3 259 945 $ CAD |
| Évaluation du terrain | 1 155 612 $ CAD | Évaluation totale | 4 415 558 $ CAD |
Impôts fonciers
Numéro de lot
0303-0025
Évaluation du terrain
1 155 612 $ CAD
Évaluation des bâtiments
3 259 945 $ CAD
Évaluation totale
4 415 558 $ CAD
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61 Chrystie St
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