Bankruptcy Auction: 200-Room Hotel | NYC Lower East Side

225 Bowery New York City, NY 10002

225 Bowery, New York City, NY, 10002
Bankruptcy Auction: 200-Room Hotel | NYC Lower East Side
225 Bowery, New York City, NY, 10002 225 Bowery, New York City, NY, 10002
FOR SALE Auction Property
Property Type:
Please Call Broker for Price

Cap Rate:
Last Verified:
Oct 02, 2023

Bankruptcy Auction Announcement: Keen-Summit Capital Partners LLC has been retained to market to sell the “Untitled at 3 Freeman Alley” Hotel, a highly profitable 200-room boutique hotel on the Lower East Side of Manhattan. Property Overview: 200-room 14-story upscale hotel with 63,599 SF Highly profitable; annual occupancy in excess of 75% Built in 1924; complete gut renovation & expansion in 2019 Hotel offers a rooftop bar and terrace, a ground floor restaurant/café, a ground floor garden, and a typical complement of back-of-the-house facilities. Auction Details: Bid Deadline: November 7, 2023 Auction Date: November 14, 2023 ​​​​​​​As this is a bankruptcy proceeding, brokers should be paid by their buyer. Sale subject to bankruptcy court approval.

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