61 Chrystie St, New York, NY 10002

Listing office Cushman & Wakefield New York Show Phone

Listing date Oct 8, 2025

Source Crexi

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Overview

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.

Suggested Use

Nursing Home Nursing Home Pet Grooming Service Buffet Clothing & Fashion Store Adult Day Care Locksmith (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

New York

County

New York

State

New York

Longitude

-73.9949681

Latitude

40.7166266

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FAQs

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