129 West 46 Street, New York, NY- Hotel 46
129 West 46 Street, New York, NY- Hotel 46
6th and 7th Avenues
Times Square
Times Square
27,250 GSF 79-KEY HOTEL LEASED TO THE DEPARTMENT OF HOMELESS SERVICES (DHS) WELL LOCATED IN PRIME TIME SQUARE
| Type | Hotel |
|---|---|
| Neighborhood | Times Square |
| Properties | One Property |
| Lot Size | 3,766 Square Feet |
| Zoning Code | C6-5.5 |
| Size | 27,250 Gross Square Feet |
| Stories | 9 Stories |
| Units | 79 Keys |
| Air Rights | 17,942 Square Feet |
Investment Highlights:
- The building is a 79 key hotel operating as a Migrant Hotel with a month-to-month lease with The New York City Department of Homeless Services at $195/night/room.
- The hotel enjoys one of the most desirable locations in NYC, situated steps from the heart of Times Square. The surrounding streets are filled with historic theatres, Michelin star dining options, and luxurious shopping options as well as Bryant Park just a few blocks away.
- The asset offers the potential to be converted and operated as a luxury boutique hotel, attracting tourists and business professionals given the assets proximity to major attractions and corporate headquarters.
- The asset benefits from excellent access to mass transportation with 13 different subway lines within Times Square as well as Grand Central Station and Penn Station a short walk away, serving millions of riders annually.
Listing Contact Information
