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Hospitality
Off-Market
Marlowe Arms Hotel
88 Carroll Street · Carroll Gardens, Brooklyn, NY
Asking
$14.8M / SF / yr
$524 / SF ·
28,250 SF
Hospitality
Off-Market
Marlowe Arms Hotel
88 Carroll Street · Carroll Gardens, Brooklyn, NY
Asking
$14.8M / SF / yr
$524 / SF ·
28,250 SF
Hospitality
Off-Market
Marlowe Arms Hotel
88 Carroll Street · Carroll Gardens, Brooklyn, NY
Asking
$14.8M / SF / yr
$524 / SF ·
28,250 SF
Overview
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
Type
Hospitality
Rentable Area
28,250 SF
Floors
6
Year Built
2022
Price Per SF
$14.8M
Cap Rate
7.2%%
Status
Off-Market
Lease Terms
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
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
Listing broker
Daniel Reyes
Director, Leasing
Direct
+1 (212) 555-0144
Overview
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
Type
Hospitality
Rentable Area
28,250 SF
Floors
6
Year Built
2022
Price Per SF
$14.8M
Cap Rate
7.2%%
Status
Off-Market
Lease Terms
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
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
Listing broker
Daniel Reyes
Director, Leasing
Direct
+1 (212) 555-0144
Overview
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
Type
Hospitality
Rentable Area
28,250 SF
Floors
6
Year Built
2022
Price Per SF
$14.8M
Cap Rate
7.2%%
Status
Off-Market
Lease Terms
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
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
Listing broker
Daniel Reyes
Director, Leasing
Direct
+1 (212) 555-0144
