Joint Venture Opportunity in the New York City Metro

If you want in to the New York City Metro Area - the hottest U.S. travel destination - I own a 54 room, 14,000 s.f. building with a hotel license available for purchase, or joint venture.
Check out the location at 415 38th Street, Union City, New Jersey 07087 just two miles and twenty minutes by bus from Manhattan.
The renovations are budgeted at a million US dollars and that would be your investment.
The building is valued at $ 4,500,000 US.
There is a 2300 s.f. accessory building that can become a hang out area and bar. There are two small retail stores and a coin operated laundry in the basement allowed.
There are no competing hostels in the immediate area.
New York City closed many hostels last year after passing new occupancy laws.
This is an ideal time to own a hostel in metro New York.
I will also consider a sale.
Felix Mendelson
Central Hotel and Hostel
415 38th Street,
Union City, NJ 07087
Fax (877) 474-6448
Mobile (415) 595-8331
[email][email protected][/email]