33 Bayview Walk - Hospitality FOR SALE


Cherry Grove, NY 11782- Central Fire Island
$10,900,000 USD
617-610-7774
33 Bayview Walk, Cherry Grove, NY for Sale
$10,900,000 USD
Hospitality - FOR SALE
1/22
null | Request Cap Rate

33 Bayview Walk
Cherry Grove, NY 11782
Central Fire Island


HIGHLIGHTS

  • Exclusive, never-before-offered opportunity to acquire the iconic Belvedere!
  • 200 feet of Bayfront in Fire Island’s premier LGBTQ+ destination!
  • Venetian-inspired design with luxurious amenities and breathtaking views!
  • Unbeatable location just steps from pristine beaches, vibrant nightlife, and dining!
  • Significant opportunity for revenue growth through rate management and F&B!
  • Renowned reputation with a loyal, repeat clientele, while also attracting new guests!

OVERVIEW

Muroff Hospitality Group is proud to exclusively present for the first time the rare opportunity to acquire the iconic Belvedere Guest House. Never before offered for sale, this premier Venetian-inspired boutique property is situated on 200 linear feet of Bayfront in Fire Island’s renowned LGBTQ+ destination, just 90 minutes from New York City. The Belvedere boasts luxurious amenities, ornate public areas, and breathtaking bay views. The property features beautifully appointed guest rooms, an outdoor pool and hot tub, a rooftop terrace, a private gym, and direct access to pristine beaches, vibrant nightlife, and fine dining. A beloved landmark within the Fire Island community for decades, this legendary property presents a once-in-a-lifetime investment opportunity! For the right investor, The Belvedere represents a compelling opportunity to drive value. There is meaningful upside through rate optimization and active revenue management, along with the introduction of food and beverage operations. Despite having elegant public areas—including a grand parlor and expansive gardens with direct bay views—the property has never offered event hosting or private dining, leaving significant ancillary revenue on the table.

FOR SALE DETAILS

PRICE

$10,900,000 USD

PRICE/SF

$849 USD /SF

# OF ROOMS

36

PRICE/ROOM

$302,778 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Belvedere Fire Island

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1956

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

C-1

APN/PARCEL ID

0200-986-20-06-00-005-000

ASK ABOUT THIS PROPERTY

Mitchell B Muroff, Esq.Muroff Hospitality GroupMore Info
617-610-7774

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Mitchell B Muroff, Esq.Muroff Hospitality GroupMore Info
617-610-7774

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.