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$29,880,000
Est. payment /mo
0.29 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
MLS Listing ID 888831
Rental Info No
Year Built 2018
Annual Tax Amount $424,867
Lot Size 0.292 Acres
Acres 0.2921
Property Sub-Type Hotel/Motel
Source onekey2
Property Description
This premium hotel portfolio, located in the Fresh Meadows Auburndale community of New York, comprises two modern buildings (183-15 and 183-31 Horace Harding Expy) with an annual revenue of $13 million and a sustained growth trend, showcasing significant development potential. Both six-story buildings were constructed in 2018, A Franchised Marriott Hotel, with a total lot area of 44,919 sq ft (~4,173 sq m) and a combined gross floor area of nearly 100,000 sq ft . The property offers 217 boutique guest rooms (124 at Courtyard and 93 at Fairfield), featuring a variety of room types including King beds, Queen beds, Double beds, and luxury suites. Situated in the high-quality District 26, the property holds an H3-class limited-service hotel ownership (affiliated with an international chain brand) and is zoned as R3-1/C1-2, supported by a well-established management system. - The 183-15 property includes a 27,755 sqf lot and a 54,944 sqf building. - The 183-31 property includes a 17,164 sqflot and a 42,186 sqf building. With combined annual property taxes of approximately $950,000, this hotel asset boasts an excellent location, stable revenue performance, and professional brand operation, making it a highly attractive investment opportunity.
Location
State NY
County Queens
Rooms
Basement Finished, Full
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Exterior
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Phone Connected, Sewer Available, Trash Collection Private, Water Available
Total Parking Spaces 200
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
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Listed by Royalux Realty LLC
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Valon Nikci
CEO & Principal Broker | License ID: 10991208180
CEO & Principal Broker License ID: 10991208180