Boutique Hotel Possible Reposition / Redevelopment Lower East Side Epicenter
100 Orchard Street - New York City Building Overview Location: The subject property is on the east side of Orchard Street between Delancey & Broome Streets. Block: 409 Lots: 1101 & 1102 Lot Dimensions:
2,315 26.17’ x 83’ 8 15,613 (per ICIP) 22 C6-2A 6.02 6.24; overbuilt Independent None $2,282,034 $243,813 $191,167
Approx. Approx.
Orchard Street
Approx.
(Before Abatement) (After Abatement)
Delancey Street
Asking Price: $21,000,000
Approx.
Broome Street
Lot SF: Building Dimensions: Stories: Gross SF: Rooms: Zoning: FAR as-of-right: FAR built: Brand/Mgmt.: Cancellation Fee: Total Assessment: Total R.E. Taxes: Total R.E. Taxes:
26.17’ x 88.46’
Ludlow Street
BUILDING DESCRIPTION: Massey Knakal Realty Services has been retained on an exclusive basis to arrange for the sale of the
Blue Moon Hotel, located at 100 Orchard Street in Manhattan’s Lower East Side. Located on the west side of Orchard Street between Delancey and Broome Streets, the property offers an outstanding location in one of the trendiest emerging neighborhoods in Manhattan and is home to some of the most exciting hotel projects in the City. The property was developed into a hotel in 2005, featuring 22 oversized guest rooms ranging from 320 SF to 750 SF. Additionally, the property offers a fully finished, and virtually unused, commercial kitchen. Since the Hotel’s opening, it has garnered tremendous media attention for a property of its size, a sampling of which can be viewed here: Bloomberg.com; International Herald Tribune; and The New York Times. The lobby and basement levels offer approximately 2,800 SF of ground level and basement level space that create a potentially lucrative retail application. The property presents a significant value add opportunity through a wide range of strategies including the incorporation of retail, creation of additional rooms through subdivision, enhanced sales and revenue management, and/or a possible conversion to residential apartments.
For more information, please contact exclusive agents:
ANDREW POSIL
MICHAEL F. DECHESER
DARRAGH CLARKE
MEI LING WONG
Director of Sales
Vice Presidentof Sales
Associate Director of Sales
Senior Associate
(212) 589-5130
[email protected] (212) 660-7772
[email protected] (212) 660-7737
[email protected] (212) 660-7716
[email protected]