This Hospitality Property is no longer advertised on LoopNet.com.

100-110 S Bridge St
Staten Island, NY 10309

100-110 South Bridge Hotel · Hospitality Property For Sale · 25,341 SF

INVESTMENT HIGHLIGHTS

  • 80 ROOM BEST WESTERN VIB BOUTIQUE HOTEL
  • YEAR ONE PROJECTED NOI: $1.08M
  • ANTICIPATED COMPLETION DATE- END JULY 2019
  • YEAR ONE PROJECTED REVENUE: $2.9M
  • 15 YEAR TAX ABATEMENT (VALUE $3M)- see attached documents

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 0.50 AC
Construction Status Abandoned
Building Size 25,341 SF
No. Stories 4
Parking Ratio 1.78/1,000 SF
Corridor Interior

AMENITIES

  • Fitness Center
  • High Speed Internet Access
  • Public Access Wifi

ABOUT 100-110 S BRIDGE ST , STATEN ISLAND, NY 10309

The property is a ground up construction of an 80 key, Best Western Vib Urban Boutique Hotel located on South Bridge Street Staten Island, NY. The $14.3 M project is 75% completed and will include an open air two story lobby with waterfall, full size gym, catering and beverage / bar facilities. The 25,000 + SF modern hotel is ideally situated and in close proximity to Manhattan, New Jersey, and the Newark airport. There are no similar modern hotels in the area The hotel will retain a 99 year ground lease and is expecting a 15 year NYC real estate tax abatement valued at $3M. PROJECTIONS FOR YEAR ONE: GROSS REVENUE $2.9 M NOI $1.08 M OCCUPANCY 70% ADR $149 REVPAR $104

PROPERTY TAXES

ZONING

Zoning Code M1-1
  • Listing ID: 15351796

  • Date on Market: 3/5/2019

  • Last Updated:

  • Address: 100-110 S Bridge St, Staten Island, NY 10309