Hotel with Commercial
For Sale
Contact for pricing
61 Chrystie St, New York, NY 10002
Hotel with 77 rooms and a commercial garage, 100% occupied by the City of New York as a shelter.
Property Size40,529 SF
Price / SF$690.86
Days on Market320
Property Features for 61 Chrystie St
General Information
Standard status
Active
Size
40,529 SF
Property subtype
Hospitality, Mixed Use
Zoning
C6-1G
Occupancy
100%
Investment Type
Value Add
Additional Details
Business Included
Yes
Building Details
Units
78
Tenancy
Single
Listing Agency:
Cushman & Wakefield
(212) 660-7743
Listed By:
Caroline Erb · License #10401404352
Source:
Crexi
Added: Oct 8, 2025
Changed: Aug 21
Last Checked: Aug 22 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 Cushman & Wakefield
Investment Insights
Based on property information with market context.
61–63 Chrystie Street is a hotel property featuring 77 hotel rooms and 1 commercial garage. The property is currently 100% occupied by the City of New York, which uses the rooms as a shelter, providing immediate, stable cash flow of approximately $4,187,645.
The hotel is located on the west side of Chrystie Street between Hester and Canal Streets in Manhattan’s Lower East Side. The area is described as a vibrant, rapidly growing sub-market at the convergence of Chinatown, the Lower East Side, and NoLiTa.
The offering also highlights a potential value-add and/or user opportunity to reposition and renovate into a renovated hospitality concept with modernized units.
The hotel is located on the west side of Chrystie Street between Hester and Canal Streets in Manhattan’s Lower East Side. The area is described as a vibrant, rapidly growing sub-market at the convergence of Chinatown, the Lower East Side, and NoLiTa.
The offering also highlights a potential value-add and/or user opportunity to reposition and renovate into a renovated hospitality concept with modernized units.
Key Highlights
- Hotel property at 61–63 Chrystie St on the Lower East Side, west side of Chrystie St between Hester and Canal
- Comprised of 77 hotel rooms plus 1 commercial garage
- Currently 100% occupied by the City of New York, using rooms as a shelter
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
30,870
Businesses Nearby
Explore this area
Business Placement
Demographics for 10002, NY
82,155
Population
39,646
Households
2.1
Avg Household Size
41
Median Age
39%
College-Educated
71%
High-School Grad
0.8 sq mi
ZIP Area
102,694
Density / Sq Mi
$46,525
Median Household Income
$51,425
Median Earnings
$1,207
Median Rent
$808,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Hotel with 77 rooms and a commercial garage, 100% occupied by the City of New York as a shelter.
Where is this hotel located?
The property is located at 61 Chrystie St New York, NY.
What is the asking price?
The asking price for this property is $28,000,000.
What are key features of this property?
This property features: Hotel property at 61–63 Chrystie St on the Lower East Side, west side of Chrystie St between Hester and Canal; Comprised of 77 hotel rooms plus 1 commercial garage; Currently 100% occupied by the City of New York, using rooms as a shelter
