West 22nd Street

West 22nd Street - Chelsea

SOLD	WEBID: #260894

OFFERED AT:

Asking Price: $0
Turn Key Bed & Breakfast
Top Ratings from Travelers
Or Convert to Single Family Mansion

FEATURES:

Room Count: 26
Bedrooms: 20
Bathrooms: 14.5
Condition: Excellent
25' Wide Brownstone
Views: Street, Garden
Exposures: North, South
Modern Baths & Furnishings
Huge Owner's Duplex w/Garden
Professional Staff
Almost Fully Booked 2008
Heavy Repeat Business, Lots of Growth Potential

Built in the 1850s, the Colonial House Inn is an historic New York townhouse, transformed in 1985 to become an award winning Chelsea B&B by the legendary Mel Cheren. It is in high demand, and nearly always fully booked. Terrific opportunity for a hotelier, with ready made professional staff ready to stay on or help with transition. Also perfect for conversion to single family home on one of New York?s prettiest blocks.

20 Guest Rooms, 9 with Private Bath; separate owner's duplex w/ garden

Pricing from $110-$160/night

Premium Satellite TV, Phone in all rooms

Ultra Modern Baths and Furniture

Lounge and Dining Area, Roof Deck for Guests

Turnkey Operation with Superb Staff in Place

Almost Fully Booked 2008 - Heavy Repeat Business

Prime Chelsea Location

Tremendous Growth Potential by converting Owner's Duplex into Additional Guest Suites

LAYOUT:
Basement: Mechanicals, separate for owner's duplex and B&B; W/Ds, storage Ground Floor: 2 guest rooms, 2 baths, gym area,1/2 owners duplex, bath, garden
Parlor Floor: Common Rooms, front desk, 1/2 owner's duplex, bath, kitchens
Third Floor: 6 Guest Rooms, 3 private baths, 1 shared bath
Fourth Floor: 6 Guest Rooms, 2 private baths, 1shared bath
Fifth Floor: 6 guest rooms, 2 private baths, 1 shared bath
Roof Deck

NOTES:
NY Magazine - Best Hotels Under $150 and Top Ten Cheap Hotels
About.com - Ranked #2 in New York for Cheap Hotels
Trip Advisor.com - Rated #12 of all rated NYC B&Bs
Out & About - Editor's Choice Award for 10 Years Running

CLICK HERE for a full brochure about this property.

Building Notes: Zoning: R7B, C2 Lot Size: 25?x98.75? Building Size: 25?x66? Stories: 4 plus Basement Existing SF: 6,540sf (approx) Assessment (07/08): $472,320 2008 Taxes: $56,338

All information regarding a property for sale, rental or financing is from sources deemed reliable. No representation is made as to the accuracy thereof, and such information is subject to errors, omission, change of price, rental, commission, prior sale, lease or financing, or withdrawal without notice. All square footage and dimensions are approximate. Exact dimensions can be obtained by retaining the services of a professional architect or engineer.

EXCLUSIVE AGENT

Cynthia W. Crowley
cwc@olshan.com
Direct: 917-673-6480

Barbara Riccardi
bjr@olshan.com
Direct: 212-751-3300 x105

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641 Lexington Avenue, Suite 2200, New York, NY 10022 | 212.751.3300
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Olshan Realty, Inc. | Established 1980641 Lexington Avenue, Suite 2200, New York, NY 10022 | 212.751.3300 | | |

Olshan Realty, Inc. | Established 1980
641 Lexington Avenue, Suite 2200, New York, NY 10022 | 212.751.3300
| | |