Coldwell Banker Reliable Commercial Division is pleased to offer a new 26 room, 10,095 SF Hotel on a 6,000 SF lot including a 3,000 SF parking area for sale. Located at 1108 60th Street, on the border of the Dyker Heights and Borough Park section of Brooklyn NY.

Investment Highlights

 10,095 SF Hotel, 26 Rooms, 6,000 SF Lot, 3,000 SF Parking

 Annual Projections: $1,411,638 Gross Revenue, $773,163 Total Expenses, $638,475 Net Income, 45% Profit Margin, 8% Cap Rate

Location Highlights:

 Average room rates in Brooklyn are $182.13 (source: the real deal)

 Brooklyn hotel occupancy rates are among the highest of any urban market in the U.S. (source NYC.gov)

 Close proximity to Manhattan.

 Nearby retailers, restaurants and entertainment.

 Easy access to public transportation. Walking distance to the N Train.

 25 minute drive to JFK Airport and 30 minutes to La Guardia Airport.

 Walk Score 93% (source CoStar)

 Transit Score 76% (source CoStar)

Annual Projections:

 $1,411,638 Gross Revenue

 $773,163 Total Expenses

 $638,475 Net Income

 45% Profit Margin

 8% Cap Rate