NY > Other City - Not In The State Of Florida
Other City - Not In The State Of Florida, NY NY 10606,Address not disclosed
Other City - Not In The State Of Florida, NY NY 10606,Address not disclosed
Other City - Not In The State Of Florida, NY NY 10606,Address not disclosed
Other City - Not In The State Of Florida, NY NY 10606,Address not disclosed
Other City - Not In The State Of Florida, NY NY 10606,Address not disclosed
Other City - Not In The State Of Florida, NY NY 10606,Address not disclosed
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Martha Rush

Martha Rush

+1(561) 236-6267
$ 10,670,000
Est. payment | /mo
Save
$ 10,670,000
Est. payment | /mo
Save

Key Details

Property Type Commercial

Sub Type Hotel

Listing Status Active

Purchase Type For Sale

MLS Listing ID F10491315

Construction Status Resale

Year Built 1982

Annual Tax Amount $24,000

Tax Year 2023

Property Sub-Type Hotel

Property Description

Great location for a very safe investment property, Gross Income over $1.5 Million in 2024, after expenses you get $930,000 dollars, a nice CAP of 8.8% in the cash-to-cash approach. Please do not go without coordinating with listing agent or owners. Do not talk to employees. This is a gold mine, and the seller already got the final approval for a brand new 4 story building, with 87 new keys & 90 elevator parking, add 7,000 Sq Ft of commercial use space for restaurant, coffee shop, etc. NDA is mandatory to get financial information and coordinate inspections. Fast closing desired. Send LOI as soon as possible to listing agent. The cash is there and all the tools for an amazing investment, or perhaps a joint venture may be possible. Marriott Residences are waiting for the new developers.

Location

State NY

County Other County

Area Other Geographic Area (Out Of Area Only)

Zoning b-3

Interior

Heating Central Building A/C

Cooling Central Building A/C

Flooring Carpeted Floors, Ceramic Floor

Exterior

Roof Type Concrete Roof

Building

Story 2.0000

Foundation Concrete Block Construction, Brick Exterior Construction, Cbs Construction

Sewer Public Sanitation

Water Public Water

Construction Status Resale

Others

Ownership Self Proprietor/Individual

Security Features Security Lighting

Acceptable Financing Cash, Conventional/Refinance, Owner Financing

Listing Terms Cash, Conventional/Refinance, Owner Financing

BeachesMLS Matrix (RAPB-F prefix)
Listed by United Realty Group Inc
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Find out why customers are choosing LPT Realty to meet their real estate needs

+1(561) 236-6267

martharush4@gmail.com

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