Hotel One New York

Per the Hotel One's proforma statement,

here are the expected annual returns for the first 5 years, given a cash purchase of $240 million:

 Year 1: 4.5%

 Year 2: 5.6%

 Year 3: 6.3%

 Year 4: 6.2%

 Year 5: 6.7%

Assuming a sale after the 5th year at a projected NOI of $16,223,000 and a cap rate of 4.5%,

the internal rate of return (IRR) for buyer is 11%.

One Hotel (central park) NY $240,000,000 +3% buyer fee ~

This is a luxury hotel that served to help define a neighborhood, it offers downtown edge with an uptown sensibility.

Featuring over 200 luxury rooms and remarkable suites, most with lofty ceilings, Juliet balconies, and five fixture

bathrooms –the property perched on a lower Manhattan corner that could not be more centrally located. A three-story

atrium lobby showcases striking herringbone granite floors, an oversized fireplace, and dramatic Aubergine chandeliers.

Besides their signature rooftop pool, ideal for sunbathing and city-escape daydreaming, the property also offers a

bi-level rooftop bar + lounge, an outpost of a favorite upscale sport’s bar, a restaurant with a 10,000 square foot trattoria

offering Italian-inspired fare, a complete spa with transformational healing therapies and yoga classes, a salon, a

state-of-the-art gym and more. The property is ideally located in Manhattan, with close proximity to Broadway shows in

Times Square, beautiful urban gardens in Gramercy Park, fine dining around Madison Square Park and shopping in

Union Square.

Gansevoort Park Ave NYC 300,000,000 + 3% buyer fee ~

NEW Park Hyatt Hotel $400MM +3% buyer fee ~

Paramount hotel NYC $370,000,000 plus 3% buyer fee~

Hotel Mela 4 stars midtown Manhattan $200MM +3% buyer fee ~

70 Park Ave Hotel NY $115,000,000 +3% buyer fee ~

I also have these

4 Property NYC Portfolio Package For Sale East Village & Chelsea Manhattan

FIRM Asking Price $67,000,000 +3% buyer fee

# Units / Square Feet / Gross Rent Roll / NOI Net Operating
Income Projected
82 East 3rd Street / 22 / 8,900 / $708,000 / $640,000
73 East 2nd Street / 10 / 6,825 / $425,000 / $375,000
*430 East 13th Street / 15 / 6,364 / $600,000 / $525,000
240 West 16th Street / 19 / 7,060 / $555,000 / $470,000
TOTALS: / 74 / 29,149
GRM Gross Rent Multiplier: / 25

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This class A luxury rental building offers a fitness center, 40 storage lockers located

in the basement, bike storage, on-site parking, laundry on every floor, two common

roof terraces ,individual video intercoms, 27 units have balconies or terraces, a virtual

doorman, and solar panels that powers all common areas which reduce operating costs.

Year Completed: 2013

Stories: 6

Parking Spaces: 58

Net Rentable SF:

Residential - 40,489

Retail - 5,450

Total Rentable SF: 45,939

Gross SF: 74,572

Occupancy: 100%

Avg Unit Size: 779 SF

Total units: 54

Unit Mix:

Retail - 2

Studio - 1

1BR - 34

2 BR - 16

3 BR - 1

Assumable Debt Summary

Loan amount: $34,250,000

Approx. Principal Balance: $33,914,939

Interest Rate: 3.375%

Origination Date: 12/30/2014

Maturity Date: 1/1/2027

Free Market Rents

CAP 4.4%

NOI $2,246,171

15-year 421-a tax abatement began July 2015

ASKING PRICE $50,000,000 + 3% buyer fee

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NCND, LOI AND BIO IS REQUIRED FOR ANY DD, STAR REPORTS OR FINANCIALS