718-663-2639
324 W 44th St, New York, NY for Sale
Hospitality - FOR SALE
1/10
null | Request Cap Rate

324 W 44th St
New York, NY 10036
Times Square


HIGHLIGHTS

  • Constructed in 2018, The TownePlace Suites feature 114 guest rooms with in-room kitchens, fitness center, lobby café, and valet dry cleaning.
  • Situated within a 5-minute walk to Times Square, one of the world’s most visited destinations, creating exceptional pedestrian traffic and year-round
  • Located within walking distance of the Times Square–42nd Street transit hub and the Port Authority Bus Terminal.
  • 198K total visits, annually | 3.3% increase in visits YOY

OVERVIEW

RIPCO REAL ESTATE has been exclusively retained to market the ground lease position at 324 West 44th Street in Hell’s Kitchen, NY 10036. The property is situated on the south side of West 44th Street between 8th Avenue and 9th Avenue, in the heart of Midtown West’s Hell’s Kitchen neighborhood, one block from Times Square—one of the most visited destinations globally. The Property is within immediate proximity to several other highly-visited locations, including the Broadway Theater District, Madison Square Garden, Penn Station, Hudson Yards, and Bryant Park, and is surrounded by a dense concentration of hotels, theaters, restaurants, and entertainment venues that generate exceptional pedestrian activity and year-round tourism demand. Inquire with exclusive agents for more information.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

114

CAP RATE

Request Cap Rate

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

TownePlace Suites Times Square

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

7

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2018

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,435 SF

ZONING

C6-2 (R8) - CL

APN/PARCEL ID

1034-0044

ASK ABOUT THIS PROPERTY

Stephen PreussRipco Real EstateMore Info
718-663-2639

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Stephen PreussRipco Real EstateMore Info
718-663-2639

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.