37-59 81 St - Hospitality FOR SALE


Jackson Heights, NY 11372
$15,000,000 USD
718-503-2598
37-59 81 St, Jackson Heights, NY for Sale
$15,000,000 USD
Hospitality - FOR SALE
1/5
null | Request Cap Rate

37-59 81 St
Jackson Heights, NY 11372


HIGHLIGHTS

  • Heavy foot traffic
  • Quick access to 7 train
  • Retail and office space downstairs

OVERVIEW

Fully leased (above grade), cash flowing with long term investments. The Hotel has a dedicated entrance, lobby, and elevator. Located just steps to Roosevelt Ave. and 82nd St. Also, near Elmhurst Hospital and Broadway, and 2 miles from LaGuardia Airport. Potential value-add opportunity with legal, lower-level retail space that has elevator access. Located within a Qualified Opportunity Zone Featuring Hotel, Laundromat, Barbershop, Senior Center, and a Cell Tower Roof.

FOR SALE DETAILS

PRICE

$15,000,000 USD

PRICE/SF

$550 USD /SF

# OF ROOMS

35

PRICE/ROOM

$428,571 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Elmhurst Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

7

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2009

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

C4-3

APN/PARCEL ID

01292-0050

ASK ABOUT THIS PROPERTY

David FengE-House Realty & Management, Inc.More Info
718-503-2598

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David FengE-House Realty & Management, Inc.More Info
718-503-2598

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