Mixed-Use Building with Hotel
For Sale
Contact for pricing
302 E 45th St, New York, NY 10017
Nine guest rooms sit above a full-floor commercial space with cellar storage.
Property Size6,680 SF
Price / SF$1,077
Days on Market197
Property Features for 302 E 45th St
General Information
Standard status
Active
Size
6,680 SF
Property subtype
Hospitality, Mixed Use, Multifamily, Office, Retail
Zoning
C1-9
Occupancy
100%
Net Operating Income
$532,360
Financials
Asking Price
$7,400,000
Cap Rate
7.2%
Building Details
Buildings
1
Stories
4
Units
10
Tenancy
Multi
Listing Agency:
Conway Property Advisors
Listed By:
Ryan Conway · License #10401388445
Source:
Crexi
Added: Apr 4
Changed: Oct 3
Last Checked: Oct 16 at 5:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Conway Property Advisors
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Investment Insights
Based on property information with market context.
This C1-9 mixed-use building contains 6,680 SF across 10 total units. The configuration includes a full-floor retail or commercial space, a 1,000 SF cellar, and 9 hotel rooms on the floors above. The property is operated through separate commercial and hospitality leases, with 3% annual increases specified in both agreements. Interior repairs and maintenance are handled by the tenants.
Located at 302 E 45th St in New York, the property sits between 1st and 2nd Avenue. Its layout combines street-level commercial use with nine guest accommodations, creating a compact mixed-use format suited to both retail and hospitality operations.
Located at 302 E 45th St in New York, the property sits between 1st and 2nd Avenue. Its layout combines street-level commercial use with nine guest accommodations, creating a compact mixed-use format suited to both retail and hospitality operations.
Key Highlights
- 6,680 SF mixed‑use building with 10 total units
- Full‑floor retail/commercial space with an additional 1,000 SF cellar
- 9 hotel rooms positioned above the commercial space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$212,925
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,258,500
$4.3M
Cap Rate 7%
$3,041,786
$3.0M
Cap Rate 9%
$2,365,833
$2.4M
Market Conditions
NOI Build-Up for 6,680 SF
Gross rent
$400.8K $60.00/SF
− Vacancy
−$60.1K −$9.00/SF
EGI
$340.7K $51.00/SF
− OpEx
−$127.8K −$19.13/SF
NOI
$212.9K $31.88/SF
Area
New York, NY
Vacancy
15.00%
Lease Rate
$60.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,258,500
Cap Rate 7%
$3,041,786
Cap Rate 9%
$2,365,833
Alternative Uses
Best Use
Retail
$13.43M
$11.75M – $15.67M
NOI $940,040 @ 7.0% cap · market cap 13.06%
Second Best
Mixed Use
$3.04M
$2.66M – $3.55M
NOI $212,925 @ 7.0% cap · market cap 2.96%
Theoretical Best
Specialty Retail
$16.63M
$14.55M – $19.40M
NOI $1,163,923 @ 7.0% cap · market cap 16.17%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
48,551
Businesses Nearby
Explore this area
Business Placement
Demographics for 10017, NY
17,401
Population
12,866
Households
1.4
Avg Household Size
38
Median Age
85%
College-Educated
97%
High-School Grad
0.3 sq mi
ZIP Area
58,003
Density / Sq Mi
$132,518
Median Household Income
$94,214
Median Earnings
$2,980
Median Rent
$808,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Nine guest rooms sit above a full-floor commercial space with cellar storage.
Where is this mixed-use property located?
The property is located at 302 E 45th St New York, NY.
What is the asking price?
The asking price for this property is $7,200,000.
What are key features of this property?
This property features: 6,680 SF mixed‑use building with 10 total units; Full‑floor retail/commercial space with an additional 1,000 SF cellar; 9 hotel rooms positioned above the commercial space
