Description

Cushman & Wakefield is pleased to exclusively present 61–63 Chrystie Street, a ±40,529 SF hotel in Manhattan’s Lower East Side, featuring 77 rooms and 1 commercial garage. Currently 100% occupied by the City of New York as a shelter, the property generates stable annual cash flow of approximately $4,187,645 and offers a rare value-add or repositioning opportunity to convert into a modern high-end hospitality concept. Ideally located at the convergence of Chinatown, NoLiTa, and the Lower East Side, the property benefits from a rapidly growing neighborhood with a mix of historic character, tourism, and long-term residential demand.