97-26 147th Pl - Hospitality FOR SALE


Jamaica, NY 11435
$25,800,000 USD
718-820-1200
97-26 147th Pl, Jamaica, NY for Sale
$25,800,000 USD
Hospitality - FOR SALE
1/7
null | Request Cap Rate

97-26 147th Pl
Jamaica, NY 11435


HIGHLIGHTS

  • 86 Key / 9 Story Hotel
  • Newly Constructed with Certificate of Occupancy
  • JFK Airport Hotel close to Air-Train and LIRR
  • 30 Minutes to Midtown Manhattan

OVERVIEW

Newly Constructed 86 Key / 9 Story Hotel in The Jamaica Section of Queens. JFK Airport Hotel operating under the Red Roof Plus Flag. See link below for hotel website with additional information and photos. Hotel opened in September 2024 and October 2024 Tax Report is available. Red Roof Plus Franchise agreement available for review. 2025 projections bring NOI at over $2.15MM. Hotel is offered at an 8.5% capitalization. Please sign CA for access to additional information. All buyers must be approved. This is a rare opportunity to purchase a newly constructed NYC Hotel that is not operating as a shelter or in any program.

FOR SALE DETAILS

PRICE

$25,800,000 USD

PRICE/SF

$867 USD /SF

# OF ROOMS

86

PRICE/ROOM

$300,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Roof PLUS+ JFK Airport

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

9

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

C4-5X

APN/PARCEL ID

10031-0014

ASK ABOUT THIS PROPERTY

Raymond MordekhaiForest Park Properties IncMore Info
718-820-1200

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Raymond MordekhaiForest Park Properties IncMore Info
718-820-1200

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