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- LoopNet Team
444 Park Ave South
New York, NY 10016
Mondrian Park Avenue Hotel · Property For Lease · 120,400 SF
Highlights
- Turn-key hotel F&B for lease
About the Property
Three venues for lease at the Mondrian Park Avenue South hotel: Cleo restaurant, contiguous Boogie Room club on the lower level and the 17th floor Mondrian Terrace; all three venues delivered in turn-key condition, including fully-fixtured gourmet kitchen with no key money; over $8 mil invested in improvements. Many monetizable, activatable and levaragable amenities including: outdoor cafe seating on East 30th Street; private alleyway for additional seating and activation; separate entrances to each venue; and bathrooms in the hotel common areas. Cleo restaurant is 3,500 sf of ground floor space plus a fully built gourmet kitchen of 1,500 sf on the lower level; dumb waiters and service elevators; cafe seating. Boogie Room is 1,500 square feet on the lower level with full liquor service; recently renovated with a new sound system; separate entrance from East 30th Street; occupancy of 99. Mondrian Terrace (7,300 sf) occupies the entire 17th floor; catering kitchen; four season terrace enclosure; full liquor service; conference/media room; separate entrance from alleyway. Hotel: 190 rooms; $350 ADR; Conde Nast rated as Top NYC hotel; 88%+ occupancy; interiors by Philippe Starck; non-union. Market: NoMad, Garmercy, Midtown South, Flatiron, Madison Square Park, Silicon Alley; 7 days a week, breakfast, lunch, dinner, late night.
PROPERTY FACTS
Property Type | Hospitality | Building Size | 120,400 SF |
Property Subtype | Hotel | Year Built/Renovated | 1972/2012 |
Property Type | Hospitality |
Property Subtype | Hotel |
Building Size | 120,400 SF |
Year Built/Renovated | 1972/2012 |
Features and Amenities
- Balcony
- Restaurant
- High Speed Internet Access
- Patio
- On-Site Bar
- Boutique/Lifestyle Hotel
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Multi-Room Suites
Attachments
F&B Show Book - Mondrian Hotel PAS |
Listing ID: 17849806
Date on Market: 12/2/2019
Last Updated:
Address: 444 Park Ave South, New York, NY 10016
The Hospitality Property at 444 Park Ave South, New York, NY 10016 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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