Albany St New York, NY 10001
- Hospitality properties
- 11,118 SF
Current Use by Public Records
- Hospitality properties
Property Details for 0 Albany St
- Year built
- 2019
- Property size
- 11,118 SF
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
This exceptional 217-key hotel, located at 8 Albany Street in New York City's Financial District, presents a compelling investment opportunity. Boasting unparalleled panoramic city views, this architectural gem occupies floors 2-22, plus portions of the basement and ground floor, within a larger building. The hotel features approximately 11,118 square feet of leasable retail space, in addition to a total gross building area of approximately 143,281 square feet. Built in 2019 and renovated in 2021, the property currently enjoys an 83.2% occupancy rate. Key features include a hotel lobby bar/restaurant, a mezzanine level ideal for dining and events, and ample outdoor seating on the ground floor for food and beverage service. The sale includes rights to existing leases. This Class A hotel represents a rare chance to acquire a high-performing asset in a coveted location. The asking price is $105,000,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9992
- Latitude
- 40.7537
