HospitalityOff-market
Marlowe Arms Hotel
88 Carroll Street · Carroll Gardens, Brooklyn, NY
Asking
$14.8M
$524 / SF · 28,250 SF
Overview
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Forty-two key boutique hotel with ground-floor F&B, operated under a franchise-free flag with strong RevPAR performance.
- 42 keys
- Ground-floor F&B
- Stabilized RevPAR
- Long-term GM in place
Specifications
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| Type | Hospitality |
|---|---|
| Rentable area | 28,250 SF |
| Floors | 6 |
| Year built | 2022 |
| Price per SF | $524 |
| Cap rate | 7.2% |
| Status | Off-market |
Lease terms
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Lease type: Modified gross with operating expense stop.
Term: 5–10 years with renewal options at fair-market.
Escalations: 3.0% annual fixed.
TI allowance: Negotiable, based on credit and term.
Security: 3 months for credit tenants; LOC accepted.
Location
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Carroll Gardens sits at the intersection of strong public transit, dense daytime population, and a maturing retail corridor. Walk Score 94, Transit Score 88.
Subway
3 min walk
Bike
12 docks adj.
F&B
40+ within 5 min
