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 rivington
Lot SF: Turn-key Luxury
2,319 sf Hotel For Sale
Lot Size: 12 Stories
26.5’ x 87.5‘ 52 Keys
Plus Rooftop
Block & Lot:
416 / 58
In the Heart of the
Lower East Side
Frontage:
26.5’
Delivered Complete
Real Estate Taxes: Early 2013
$62,165
Projected Gross Asking $26M
Revenue:
$4,745,000 Owner willing to accept 5%
Deposit before construction
Projected NOI:
$1,660,750 Close to subways: 4, 5, 6, B, D,
F, J, M, N, R and Z
Projected NOI
Before Reserve:
$2,084,750
Projected
Cap 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.