Cushman & Wakefield is pleased to exclusively present 61–63 Chrystie Street, a hotel located on the west side of Chrystie Street between Hester and Canal Streets in the Lower East Side, a vibrant and rapidly growing sub-market of Manhattan. The property spans ±40,529 square feet and is comprised of 77 hotel rooms, along with 1 commercial garage. The property is currently 100% occupied by the City of New York, which utilizes the rooms as a shelter, providing immediate, stable cash flow of approximately $4,187,645. Furthermore, this property presents a compelling value-add or user opportunity to reposition and renovate into a high-end hospitality concept with modernized units. Situated at 61–63 Chrystie Street, the property benefits from its location at the convergence of Chinatown, Lower East Side, and NoLiTa, an area that continues to attract shoppers, tourists, and residents alike. The neighborhood’s ongoing growth, combined with its mix of historic character and modern developments, further enhances the property’s long-term appeal.