183-15 Horace Harding Expy - Hospitality FOR SALE


Fresh Meadows, NY 11365
$3,980 USD
347-399-8556
183-15 Horace Harding Expy, Fresh Meadows, NY for Sale
$3,980 USD
Hospitality - FOR SALE
1/6
null | 10% Cap Rate

183-15 Horace Harding Expy
Fresh Meadows, NY 11365


OVERVIEW

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 (~9,235 sq m). 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 2,578 sq m lot and a 5,315 sq m building. - The 183-31 property includes a 1,595 sq m lot and a 3,919 sq m 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.

FOR SALE DETAILS

PRICE

$3,980 USD

PRICE/SF

$0.085 USD /SF

# OF ROOMS

123

PRICE/ROOM

$32 {currency}

CAP RATE

10%

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Courtyard New York Queens/Fresh Meadows

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

6

ROOM ENTRANCE

Interior

BUILDING CLASS

A

YEAR BUILT

2018

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

R 3-2/ C 2-2

APN/PARCEL ID

07067-0063

ASK ABOUT THIS PROPERTY

Angela LeeRoyalux RealtyMore Info
347-399-8556

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Angela LeeRoyalux RealtyMore Info
347-399-8556

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