EAST 50TH STREET

Commercial For Sale  • 
Midtown East
Web ID # 36002

$ 21,000,000

 
Purchase price is firm per seller at $21M. Seller to pay RE commission
at this price only. Offer less than $21M, buyer pays fees of 3%.

(147 KEYS) Located at 150 EAST 50TH STREET, NEW YORK, NEW YORK
10022, IN MIDTOWN EAST MANHATTAN

This hotel needs a new professional owner and management. The area is
ideal but performance is below expectation as reflected in the
$142,857 PER KEY
Purchase Price...This is a price sale only and not an NOI or CAP Rate sale.
Hotel has an Indian restaurant, business center and fitness center and
comes with Land lease.This is not fee simple.
There are penthouse suites complete with private garden terraces as
per quoted from rates on the internet that room rates range from
$264-$548 per night (based on average rates for a standard room).

Total Rooms: 2

Listing Agent


Estimated Monthly Costs


$106,187
Est. Mortgage
$106,187
Monthly Total*
* The estimated monthly costs provided by this caculator are for illustrative purposes only, with no guarantee regarding accuracy.
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Nearby Subways

  • E M 6 Lexington Ave & 50th St (~0.05 mile)
  • E M Madison Ave & 53rd St (~0.26 mile)
  • 4 5 6 7 Lexington Ave & 43rd St (~0.35 mile)
  • N Q R 4 5 6 Lexington Ave & 59th St (~0.45 mile)