HOTEL, for sell FOR $19.900.000

HOTEL ON MULBERRY STREET
DELIVERED VACANT
40,591 EXISTING SF INCLUDING BASEMENT
APPROVED PLANS FOR 13 STORY 102 ROOMS 
STAYBRIDGE SUITES.
LOT SIZE: 50' x 95' Plot 4,750 SF 35,841 SF Above Grade 
4,750 SF Cellar
40,591 SF Total
ZONING: C6-1
FAR: Residential FAR 3.44
Commercial FAR 6.0
Community Facility FAR 6.5
DESCRIPTION: Eight story garage building. 
ESTIMATED R.E. Taxes (2024/2025) Tax Class 4. . . $319,267
EXPENSES: Insurance . . . . . . . . . . . . . . . . . . . . . . . . . $19,800
TOTAL EXPENSES: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $339,067
PRICE: $21,500,000 $19,750,000 
,
REMARKS: The owner has spent $2,000,000 on plans, FF&E.
The flag must remain with Staybridge Suites. The penalty for cancellation is 
approximately $1,000,000.
The property is suitable for hotel development, parking garage, warehouse, or
residential conversion.
An approved plan is in place for a 13-story hotel with 102 keys. 
Plans are available for qualified buyers.
The property will be delivered vacant. 
It is located directly across the street from Columbus Park.
The existing building is 8 stories tall, reaching 87’-4” at roof level. 
The 7th
and 8th
stories are set back 15’.
The current FAR is 7.45, with extra floor area approved for garage use. 
The garage has a capacity of 220 cars, licensed for 193.
C6-1 Zoning NYC
Aug 11, 2018 | NYC Zoning
C6-1 Zoning is a General Central Commercial Zoning district in NYC. In C6-1 you can build a variety of commercial
building uses, community facilities, and residential buildings.
The C6-1 Zoning District is a sub district of C6 Zoning in NYC. C6 is a general central zoning district with generally
large buildings having retail, department stores, large offices, hotels, and residential uses. C6-1 Zoning is mapped in
Downtown Manhattan, and a small part of Harlem.
C6-1 Zoning Districts:
C6-1
C6-1A
C6-1 Residential Equivalent:
R7-2
C6-1 Residential Equivalent
Most Commercial Zoning districts have a Residential Equivalent. This means you can develop a residential building
within the commercial zoning district. You follow the residential equivalent zoning requirements in the case of a
residential development. The residential equivalent for C6-1 is R7-2 Zoning.
Mixed Use Building
You can develop a mixed use building with commercial and residential zoning. In this case you would apply the
requirements of C6-1 and R7-2 in designing the building.

Here is the video

https://www.youtube.com/shorts/FKnogEhJloc