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    Property profile & analytics
    OFF-MARKET Estimated value $82,320,000
    Hotels

    123 Washington St HOTEL, New York, NY 10006-1518

    132,163 SF Built 2007
    Entity Owned 11-yr Hold ~ Est. High Equity
    Property ID
    US63-4116238
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Hotels
    Use group HOTEL
    Year built 2007
    Total area 132,163 SF
    Zoning code C6-9
    APN 00053-1201
    UPID US63-4116238
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • 123 Washington Property Management Company
    • W Residences New York Downtown Condominium Complex
    • Annette Guzman Ruiz Interior Design Home Decor Store
    • Skinos Restaurant
    • Feminine Fatigue Property Management Company
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $114.92M
    Blend (final) Blend
    $82.32M
    Owner & transaction history
    123 Washington LLC · 11 yrs held
    123 Washington LLC
    since 2014
    5 recorded transactions
    2014
    2011
    1969
    1969
    1969
    Zoning & alternative use
    C6-9 · New York, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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