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709215 | NY Manhattan Portfolio : 2 Hotels 6% and 6.5% Cap

NY Manhattan Portfolio : 2 Hotels 6% and 6.5%  Cap
Type: buy
PriceAmerican $39,500,000.00
Seller
Quantity: 2
Availability: yes
Location: Manhattan , New York, United States

NY Manhattan Portfolio : 2 Hotels 6% and 6.5%  Cap Rate Hotels in Manhattan total 95 Keys , (90.02 % Occupancy) and  (87% Occupancy) in the  USA from  $ 42,5 M now for $ 39.5 M .

Two Hotels together -- $42.5mil.

(1)

(39 rooms, 10 stories) : $21.25M

Gross : $2,530,000 

Expenses: $1,180,000

(90.02 % Occupancy)  

Net Income: $1.35M

6.0% cap

(2)

(56 rooms, 15 Stories) : $21.25M

Gross : $3,470,000 

Expenses: $1,920,000

(1)(87% Occupancy)

Net Income : $1.55M

6.5% cap

There are two large parking lots on the block.

We are ready to provide with more detailed financial data upon signature of soft LOI (without penalties for non-buying) showing the financial credibility and interest of the potential buyer.

Make an Offer / Ask Seller a Question
 
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