123 Washington St HOTEL, New York, NY 10006-1518
This exceptional offering presents two full floors (28 & 29) within the prestigious W Downtown Hotel & Residences at 123 Washington Street in New York City's Financial District. Comprising 16 luxury condominium apartments, this stabilized investment opportunity boasts 9,658 square feet of prime real estate, priced at $15,000,000 ($1,553.12/sq ft and $937,500/unit). Built in 2014, the building features a Class A designation and offers a range of amenities including a 24/7 doorman, concierge services, state-of-the-art fitness center, residents' lounge, media screening room, cafe, and a stunning rooftop terrace with breathtaking city views. Residents enjoy convenient access to major subway lines, nearby green spaces, upscale shopping at Eataly and Whole Foods, and vibrant cultural attractions. Each apartment features high-end finishes, including Italian lacquer cabinetry, Corian countertops, Miele and Sub-Zero appliances, and luxurious bathrooms. The building also offers on-site parking. This property presents a unique opportunity for investors seeking a high-return, income-producing asset in a prime Manhattan location. The potential exists to add an additional floor, increasing the unit count to 24, making it ideal for 1031 exchange candidates or those seeking to expand their multi-family portfolio. Units can be sold individually or as a package. This is a condo master plan ownership.
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123 Washington Property Management Company
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W Residences New York Downtown Condominium Complex
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Annette Guzman Ruiz Interior Design Home Decor Store
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Skinos Restaurant
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Feminine Fatigue Property Management Company
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C6-9 · New York, NYNew York. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.