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17 Park Street
New London, CT 06320
Asking Price
$2.65M
Asset Type
Hotel Hospitality
Class
Class B
What's Special
Hospitality <p>Investment Highlights</p><p>• 24-unit boutique hospitality property</p><p>• Prime coastal location steps from Ocean Beach Park</p><p>• Strong mix of leisure, academic, healthcare, and corporate demand</p><p>• Convenient access to Amtrak, ferry service, and major transportation routes</p><p>• Approximately two hours from both New York City and Boston</p><p>• Established hospitality operation with recognized local presence</p><p>• Opportunity for revenue enhancement and operational optimization
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NOI
$80,000
Cap Rate
3.02%
DSCR
0.51
Underwater
Cash-on-Cash
-9.73%
Monthly Payment
$13,110.754
Annual Cash Flow
$-77,329.049