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New York City Hotel Development - 70% complete

By Stefany Blount

Real Estate Agent with MRG.NYC

October 02, 2011 09:49 AM

Stefany | Rutenberg Realty, LLC | (646) 450-8871

Lafayette St, New York, NY

Hotel Project - Nearly complete. Own a trendy Spa Resort in the best area of New York City.

Retail/Commercial

offered at $30,000,000

Year Built	2009
Sq Footage	Unspecified
Floors	0
Parking	Unspecified
Lot Size	Unspecified
Maint	$0 per month

DESCRIPTION

A 13-story boutique hotel development slated for 48 guestrooms. The project awaits a flag or boutique operator to customize. The ground floor could be occupied by a hotel lobby and a lounge. The cellar could include a boardroom, spa rooms and offices. The demolition, excavation, concrete super structure, and construction lift are fully complete; whereas the interior partition framing and electrical are partially complete.

A liquor license has been submitted and conditionally approved.The hotel is located in one of the most desirable downtown locations. Nearby hotel suites can go for as high as $650/night, as seen at the Bowery and Cooper Square Hotels.

The adjacent luxury Spa has expressed strong interest in a joint venture to provide services and direct access for the hotel, a 25’ wide contiguous one story building, is available separately. It could be combined to enlarge the food and beverage space if needed.