The Whitaker Hotel, located at 39-41 6th Street, is a Mixed-Use Investment Opportunity in the heart of the Thriving Mid-Market District. The Subject Property consists of 14 Single Room Occupancies (SROs) and 1 Ground Floor Retail Unit. The Ground Floor Retail Unit also has access to a very large basement, which is not included in the rentable square footage of the building. The SRO rooms range in size from 90 to 125 square feet and feature private sinks. Ownership has spent a significant amount on recent unit upgrades and building renovations. The property is well suited for an active investor, who can lease out 10 rooms immediately at market rents and achieve a high return, upon stabilization. All vacant rooms are turnkey, and rent-ready.

The building is located in the heart of the Mid-Market neighborhood which has seen a huge influx of major residential and commercial development. A total of 2,315 new housing units are underway or have been completed. Recently, a 50,000 SF Wholefoods has opened and a new 70,000 SF Ikea is set to open within a few blocks from the subject property.

Offering Memorandum available upon request*

Investment Highlights