hudson river hotel & casamia 36 hotel · 2020-06-04 · yards district. stretching from 9th...
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KW COMMERCIAL7777 Alvarado Rd.,Suite 702La Mesa, CA 91942 TONI-DIANE DONNET
Broker0: 619.469.0700C: [email protected] DRE #01848593 Broker - CA DRE #120623 Attorney
CHRISTOPHER PARRINO, ESQ.Senior AssociateO: [email protected] DRE #01938322
Hudson River Hotel & Casamia 36 Hotel
LIMITED SERVICE HOTELS OR APARTMENT CONVERSION
PRESENTED BY:
442 & 449 WEST 36TH ST, NEW YORK, NY
NYC WESTSIDE HOTELS FOR SALE:
Each Office Independently Owned and Operated kwcommercial.com 2
OFFERING SUMMARY
PRICE - HUDSON RIVER: $22.4M
NOI: $1,394,176
KEYS: 56
FLOORS: 15
BUILDING: 20,344 SF
PRICE - CASAMIA 36: $15.6M
NOI: $973,457
KEYS: 38
FLOORS: 10
BUILDING: 12,340 SF
ZONING: R-8A/HY/C2-5
PROPERTY OVERVIEWKW Commercial is proud to present a portfolio of two profitableindependent limited-service non-union hotels in the heart of New York City'sWest Side where commercial development is exploding. The properties arejust blocks away Hudson Yards and Manhattan West.
While the Hotels are profitable, zoning (R-8A/HY/C2-5) permits convertingthe properties to mulit-family apartments - condos, coops, or SRO Units.
LOCATION OVERVIEWStanding on 36th Street as the gateway to the vibrant and electric West SideDevelopments, the Hudson River and Casamia 36 Hotels are just stepsaway from the rich mosaic culture, fine dining, shopping, and nightlife.
A mere 5-minute walk to both the Manhattan West Development and theHudson Yards Development. These two major projects contain millions ofsquare feet of office, retail, residential, and hotel space. This prime locationalso offers guests close proximity to the Jacob Javit's Convention Center,the Broadway Theatre District, Central Park, Fifth Avenue shopping andmajor NYC transportation.
Hudson River & Casamia 36 Hotels
442 & 449 WEST 36TH ST, NEW YORK, NY |
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MANHATTAN WEST
THE SCOPE Manhattan West is an eight-acre, six-building mixed-use development located in Manhattan’s new Hudson Yards district. Stretching from 9th Avenue to 10th Avenue and 31st Street to 33rd Street. More than five million square feet of custom designed state-of-the-art class-A office space, luxury apartments, a boutique hotel, curated retail amenities, chef-inspired culinary options, and two acres of open space. Manhattan West provides unparalleled transportation access. The site sits directly between the soon-to-be-redeveloped Penn Station and the new 7-train station at Hudson Yards. It is one block from the A, C, E, 1, 2, 3 and 7 subway lines, New Jersey Transit, the Long Island Railroad and Amtrak.
THE MASTER PLAN
Office Towers
• One Manhattan West (New Office Tower) – The 67 story, 2-million-square-foot office building currently under construction will be anchored by tenant Skadden Arps, Slate, Meagher & Flom LLP, McKool Smith and the new headquarters for the NHL. The project is scheduled for completion in the fourth quarter of 2019.
• Two Manhattan West (New Office Tower) – A second two-million-square-foot office tower will be constructed when an anchor tenant is secured.
• Five Manhattan West (Existing Office Building) – Formerly known as 450 West 33rd Street, this 1.7-million-square-foot 16 story building is currently undergoing a $353 million redevelopment program – designed by celebrated architect Joshua Prince-Ramus of REX – that will fully modernize and integrate the building into the Manhattan West campus.
• The Lofts (Existing Office Building) – At 202,000-square-feet, The Lofts at Manhattan West will feature 13 stories, 15,000-square-foot floor plates and a 3,000-square-foot rooftop terrace.
Mixed-Use Building/Plaza
• The Eugene – The 844-unit, 62 story luxury residential tower recently opened in March 2017 consists of 20% studio, one to three-bedroom units priced at affordable rates.
• Boutique Hotel/Condo – Initial plans envision a hotel or further residential units.• Plaza and Retail – The Manhattan West campus will be transected by a two-acre public park –
designed by High Line architects James Corner Field Operations – featuring year-round arts and events programming by Arts Brookfield which produces over 400 events globally. Over 200,000 square-feet of carefully curated food, retail and pop-up experiences will activate the site.
Hudson Yards will include more than 18 million square feet of commercial and residential space, along with more than 100 shops, a collection of restaurants, approximately 4,000 residences, affordable housing, The Shed, 14 acres of public open space, a 750-seat public school, the inaugural Equinox Hotel® with 212 rooms, and a first-of-its-kind microgrid and co-gen plant. Hudson Yards is planned as the first LEED platinum neighborhood and has already achieved WiredScore certification.
THE NEIGHBORHOOD
OPEN SPACE: 14 ACRES TOTAL: 18,160,000 GSF; 28 ACRES
WESTERN YARDOffice 2,000,000
Residential 4,000,000
Retail 100,000
School 120,000
6,220,000 GSF
EASTERN YARD10 Hudson Yards 1,800,000
30 Hudson Yards 2,600,000
50 Hudson Yards 2,900,000
55 Hudson Yards 1,300,000
The Shops & Restaurants* 1,000,000
Retail Pavilion 50,000
Equinox Hotel® 220,000
Residential 1,870,000
The Shed 200,000
11,940,000 GSF
OFFICE HOTELRESIDENTIALRETAIL*720,000 Leasable SF
Each Office Independently Owned and Operated kwcommercial.com 5
Manhattan West: 6+ Million Square Fee of Office, Retail, Residential, and Hospitality
Hudson Yards: 18+ Million Square Feet of Office, Retail, Residential, and Hospitality
Manhattan West & Hudson Yards
HUDSON RIVER HOTEL & CASAMIA 36 HOTEL |
Each Office Independently Owned and Operated kwcommercial.com 6
Hudson River Hotel
442 WEST 36TH ST, NEW YORK, NY |
Each Office Independently Owned and Operated kwcommercial.com 7
Casamia 36 Hotel
449 WEST 36TH ST, NEW YORK, NY |
Each Office Independently Owned and Operated kwcommercial.com 8
Regional Map
HUSON RIVER HOTEL & CASAMIA 36 HOTEL |
Each Office Independently Owned and Operated kwcommercial.com 9
Location Maps
HUSON RIVER HOTEL & CASAMIA 36 HOTEL |
Each Office Independently Owned and Operated kwcommercial.com 10
POPULATION 0.25 MILES 0.5 MILES 1 MILE
Total population 4,948 23,841 109,488
Median age 36.0 39.8 38.1
Median age (male) 38.9 40.0 39.2
Median age (Female) 32.8 39.0 37.0
HOUSEHOLDS & INCOME 0.25 MILES 0.5 MILES 1 MILE
Total households 2,549 12,726 59,507
# of persons per HH 1.9 1.9 1.8
Average HH income $102,628 $91,343 $116,513
Average house value $773,104 $772,682 $750,231
* Demographic data derived from 2010 US Census
Demographics Map
HUSON RIVER HOTEL & CASAMIA 36 HOTEL |