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- LoopNet Team
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 | Building Size | 25,341 SF |
| Property Subtype | Hotel | No. Stories | 4 |
| Building Class | B | Parking Ratio | 1.78/1,000 SF |
| Lot Size | 0.50 AC | Corridor | Interior |
| Construction Status | Abandoned |
| 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
| Parcel Numbers | Improvements Assessment | $305,550 | |
| Land Assessment | $263,250 | Total Assessment | $568,800 |
PROPERTY TAXES
zoning
| Zoning Code | M1-1 |
| M1-1 |
Learn More About Investing in Hospitality Properties
