DIRECT VACANT MANHATTAN NON UNION HOTEL HEAVILY DISCOUNTED DIRECT TO SELLER

New York County, New York, NY, 10010 View full address
$19,500,000
0 sq ft
For Sale

Facts and Features

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Summary

DIRECT VACANT MANHATTAN NON UNION HOTEL HEAVILY DISCOUNTED DIRECT TO SELLER

18 WEST 25TH STREET NEW YORK NY 10010

ARV $24,000,000

SERIOUSLY DISCOUNTED NEW YORK (MANHATTAN) HOTEL THAT IS VACANT AS WE SPEAK MAKING THIS HOTEL A BARGAIN BUY. THIS IS THE HERITAGE HOTEL, 110 KEYS AND LOCATED AT 18 WEST 25TH STREET, NEW YORK, NEW YORK 10010 

THIS VACANT NON UNION HOTEL WITH 110 KEYS IS WITHOUT MANANAGEMENT. THIS HOTEL DOES HAVE AN ON GOING LAND LEASE WITH 83 YEARS LEFT ON THE LEASE. 

LOCATION AND OPPORTUNITY, WHAT A COMBINATION. LOCATED IN THE MANHATTAN FLATIRON DISTRICT, BOTH THE MADISON SQUARE GARDEN AND THE EMPIRE STATE BUILDING ARE WITHIN A MILE OF THE HOTEL AND LA GUARDIA INTERNATIONAL AIRPORT IS BUT 9 5 MILES FROM THE HOTEL. OPPORTUNITY IS GETTING A 110 KEY HOTEL THAT IS IN A PHENOMENAL LOCATION, VACANT WHICH IS A POSITIVE IN THAT THIS WILL BE A BLANK CANVAS AND ONCE FIXED UP WILL BE QUITE A BARGAIN.

DON'T MISS OUT ON THIS OPPORTUNITY

More info: (727) 224-1720

BUYERS ARE REQUESTED TO DO THEIR OWN DILIGENCE ON THIS PROPERTY. YOU MUST VERIFY ALL INFORMATION PROVIDED INDEPENDENTLY.
Buyer pays all closing costs
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NOTE: YOU ARE STRICTLY PROHIBITED FROM CONTACTING ANY SELLER.
Make an Offer: Submit your offer and information at the top of this screen by clicking "Make an Offer".
Contract: A contract will be delivered electronically once an agreement has been made and must be executed by Final Buyer within 24 hours. Once the contract is signed, we will introduce you to a third party Title Company we use who will help facilitate the closing process.
Earnest Money Deposit (EMD) must be wired to the Title Company within 1 day of Contract signing.
Closing Costs: End Buyer will pay all closing costs and will be outlined on the final settlement statement of the deal. 

Estimated Spread

$24,000,000
ARV
-$19,500,000
Price
$4,500,000
Spread

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