234 W 48th St | New York, NY 10036
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- LoopNet Team
234 W 48th St
New York, NY 10036
The Gallivant Times Square · Hospitality Property For Sale · 117,102 SF
Investment Highlights
- Unencumbered of both brand and management, providing potential investors the flexibility to implement branding alternatives and affiliation options.
- With an attractive basis, a new owner will increase their overall return and profitability for their investors.
- Besides a hotel, the property is also zoned for offices, multifamily, retail, banks/financial institutions, museums, and many other uses.
- Unparalleled location in the heart of Midtown Manhattan, near Times Square.
- A repositioned product is poised to capture a plethora of market share as travel to New York City begins to resume.
PROPERTY FACTS
| Property Type | Hospitality | Building Size | 117,102 SF |
| Property Subtype | Hotel | No. Stories | 16 |
| Building Class | B | Year Built/Renovated | 1926/2015 |
| Lot Size | 0.22 AC | Corridor | Interior |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.22 AC |
| Building Size | 117,102 SF |
| No. Stories | 16 |
| Year Built/Renovated | 1926/2015 |
| Corridor | Interior |
Amenities
- Balcony
- Business Center
- Fitness Center
- Restaurant
- High Speed Internet Access
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | 1019-0055 | Improvements Assessment | $12,353,580 |
| Land Assessment | $8,415,000 | Total Assessment | $20,768,580 |
PROPERTY TAXES
Parcel Number
1019-0055
Land Assessment
$8,415,000
Improvements Assessment
$12,353,580
Total Assessment
$20,768,580
zoning
| Zoning Code | C6-5 |
| C6-5 |
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