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    5Th Ave New York, NY 10036

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    For Sale
    Contact for pricing

    Luxury Hotel Investment Opportunity

    Property size:
    400,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional portfolio comprises multiple non-union hotels in a prime Manhattan location (5th Ave, New York, NY 10036). The offering includes approximately 400,000 to 500,000 square feet of space, encompassing a total of 1,000 keys across one building with 22 stories. Built in 1930, the property boasts an 80% occupancy rate (as of August 1, 2021), generating a current NOI of $25,000,000 and a 4.55% cap rate. A pro-forma analysis projects a NOI of $35,000,000 and a 6.36% cap rate, reflecting significant redevelopment potential. The asking price for this stabilized investment opportunity is $550,000,000, translating to a price per key of $550,000 and a land value of $12,000 to $13,000 per square foot. The property is zoned C6-5, MiD, and includes 100 parking spaces. This is a rare chance to acquire a substantial hotel portfolio in one of the world's most desirable locations. The property's size and location present significant upside potential for future growth and profitability. Further details are available upon request.

    Property Features for 0 5Th Ave

    General Information

    Property type
    Hotels
    Square Feet
    400,000 SF

    Building Details

    Year Built
    1930
    Buildings
    1
    Stories
    22

    HighLights

    • Exceptional portfolio of non‑union hotels in prime Manhattan location (5th Ave, NY 10036).
    • Approximately 400,000 - 500,000 square feet, 1,000 keys in a 22‑story building.
    • Built in 1930, 80% occupancy (as of August 1, 2021), $25,000,000 NOI, 4.55% cap rate. Pro forma NOI of $35,000,000 and 6.36% cap rate projected.
    • Asking price: $550,000,000; $550,000 per key; land value $12,000-$13,000/sq ft. C6‑5, MiD zoning; 100 parking spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Food Market Clothing Store Grocery 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
    -73.9864107
    Latitude
    40.7459153

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    FAQs

    What type of property is this?
    Hotel - Luxury Hotel Investment Opportunity
    Where is this hotel located?
    The property is located at 5Th Ave New York, NY.
    What is the asking price?
    The asking price for this property is $550,000,000.
    What are key features of this property?
    This property features: Exceptional portfolio of non-union hotels in prime Manhattan location (5th Ave, NY 10036).; Approximately 400,000 - 500,000 square feet, 1,000 keys in a 22-story building.; Built in 1930, 80% occupancy (as of August 1, 2021), $25,000,000 NOI, 4.55% cap rate. Pro forma NOI of $35,000,000 and 6.36% cap rate projected.
    Request Owner's contact information
    5Th Ave New York, NY 10036
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5Th Ave New York, NY 10036
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