225 Bowery, New York, NY
Hotel for Sale - 63,599 Sq. Ft. on 0.2 acres
Agent Info
| David Levy, CCIM Keen-Summit Capital Partners LLC |
Property Info
| CIMLS# | 1148545 |
| Location 225 Bowery New York NY 10002 | |
| Updated | September 20th, 2023 |
| Type | Hotel |
| Price | Upon Request |
| Building | 63,599 Sq. Ft. |
| Land | 0.2 acres |
Property Description
Bankruptcy Auction Announcement:
Keen-Summit Capital Partners LLC has been retained to market to sell the “Untitled at 3 Freeman Alley” Hotel, a highly profitable 200-room boutique hotel on the Lower East Side of Manhattan.
Property Overview:
-200-room 14-story upscale hotel with 63,599 SF
-Highly profitable; annual occupancy in excess of 75%
-Built in 1924; complete gut renovation & expansion in 2019
-Hotel offers a rooftop bar and terrace, a ground floor restaurant/café, a ground floor garden, and a typical complement of back-of-the-house facilities.
Auction Details:
Bid Deadline: November 7, 2023
Auction Date: November 14, 2023
As this is a bankruptcy proceeding, brokers should be paid by their buyer.
Virtual Data Room Link: www.225BoweryHotel-BankruptcySale.com
Contact me for additional details at 312-909-1696 or dlevy@keen-summit.com
Sale subject to Bankruptcy Court Approval.
Financials
Highly profitable; annual occupancy in excess of 75%