6 Star Hotel/Condo Building Midtown NYC

Condo Units in total it’s about 76,000 sq ft unsold and is asking $350 million. Totals approx. 175,000 total Net Salable SF. under $2000per NSF. Year 1 Noi of $12 million. Projected Noi $17.5 million Total for Hotel plus 30 units including PH. The asking price for the Hotel and Units is $620 million. The asking price for the hotel portion of the hotel is $270 million. 6% cap on stabilization. That’s about $1,540 per NSF. There are 114keys -suites and approx

175,000 NSF.