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> 22 Keys. The Blue Moon Hotel. Price 29M. Negotiable for cash buyers.
> Location: Eastside of Orchard St bet Delancey & Broome. 3.8MM NOI. Require a
LOI for more data. The Blue Moon Hotel incorporates 22 oversized Euro-Chic
luxurious lodging accommodations and suites that are fittingly named after
legends of the 1920's and 30's. Accommodations range in size from 320 to 750
square feet with soaring ceilings and comfortable living spaces, many including
balconies with spectacular views. This boutique hotel is small. Good to get your
feet wet in the hotel business and is already positioned to be converted to
condo. These units could be sold and run as a hotel condo easily. The bottom
floor is restaurant ready. There is an Italian chain ready to move in. The
liquor license should be a breeze as the community board loves the
building. The land is included. Air rights have been used.
> The Azure a boutique hotel on Canal and Lafayette, SOHO. Modern Euro Chic
design. 28 modern guestrooms. The Chinatown hotel has been in operation for thee
years, also boasts 1,460 square feet of retail space with rents adding up to
around $800 a square foot. Hotel gets amazing foot traffic. It is poorly run
and not making the money that it could. I will credit them with having VERY
high retail rental income of almost 1MM per year in 1460 square feet of space.
That is incredible. They want 29MM. Require an LOI for a minimum of 22MM to see
the data. All data in the info sheet is projected. A good buy. If run properly
would see increased profits in a very short time. Buyer pays points.
> HERALD SQUARE
> 110 Keys. Price 40MM. FIRM. Non negotiable. Location North side W31 St bet
Broadway and 5th Ave just before the entrance of the Garment District. A more
central location in New York City will be hard to find. Located close proximity
to the Empire State Building. 8 floors. Built 1900. Upgraded 1983. Lot
50x98. 37,213 sf. Has 11,823 sf of potential air rights. Type of
Ownership: Fee Simple. An LOI for 40M is required to see any data. All data
will be from the owner direct to the buyer only. Seller will not lower the
price of 40M. It takes a special owner to buy this property and it's for the
> HOTEL CHELSEA
> Hotel includes approx 125 transient hotel rooms and 101 (RS/RC) residential
units. Landmark status in 1966. Known for its celebrity guests, which included
Andy Warhol, Bob Dylan, Jim Morrison and Sid Vicious. The price is TBA. There
was a rumor in Aug that they were looking for $90MM. Strict protocol. Signed
NDNC required for executive summary/marketing analysis. ABSOLUTELY NO EXCEPTION.
> The hotel has always been a center of artistic and bohemian activity and it
houses artwork created by many of the artists who have visited. The hotel was
the first building to be listed by New York City as a cultural preservation site
and historic building of note. The twelve-story red-brick building that now
houses the Hotel Chelsea was built in 1883 as a private apartment cooperative
that opened in 1884; it was the tallest building in New York until 1899. At the
time Chelsea, and particularly the street on which the hotel was located, was
the center of New York's Theater District. However, within a few years the
combination of economic worries and the relocation of the theaters bankrupted
the Chelsea cooperative. In 1905, the building was purchased and opened as a
> The Chelsea Hotel is located on West 23rd Street, between 7th and 8th Avenues,
in the heart of the Chelsea neighborhood of Manhattan. It is centrally located
between Greenwich Village and Midtown. From the front door of the hotel, one can
easily walk to the Chelsea art galleries, the Meatpacking District, the Flatiron
building, and Union Square. A short taxi or subway ride will bring you to Times
Square, Central Park, Greenwich Village, Soho, and other New York City
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