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163 orchardhotel

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163 orchardhotel

  1. 1. 163 ORCHARD AN-CHI MIAU Associate Director amiau@lee-associates.com (646) 723-4724 or (646) 201-3650 www.leeassociatesnyc.com between stanton and rivingtonLot SF: Turn-key Luxury2,319 sf Hotel For SaleLot Size: 12 Stories26.5’ x 87.5‘ 52 Keys Plus RooftopBlock & Lot:416 / 58 In the Heart of the Lower East SideFrontage:26.5’ Delivered CompleteReal Estate Taxes: Early 2013$62,165Projected Gross Asking $26MRevenue:$4,745,000 Owner willing to accept 5% Deposit before constructionProjected NOI:$1,660,750 Close to subways: 4, 5, 6, B, D, F, J, M, N, R and ZProjected NOIBefore Reserve:$2,084,750ProjectedCap Rate:8% All information supplied is from sources deemed reliable and is furnished subject to errors, omissions, modi cations, removal of the listing from sale or lease, and to any listing conditions, including the rates and manner of payment of commissions for particular o erings imposed by principals or agreed by this Company, the terms of which are available to principals or duly licensed brokers. ANy square footage dimensions set forth are apprxoimate.