183-31 Horace Harding Expy - Hospitality FOR SALE


Fresh Meadows, NY 11365
$29,880,000 USD
347-399-8556
183-31 Horace Harding Expy, Fresh Meadows, NY for Sale
$29,880,000 USD
Hospitality - FOR SALE
1/6
null | 10% Cap Rate

183-31 Horace Harding Expy
Fresh Meadows, NY 11365


OVERVIEW

Luxury Hotels for Sale in Prime Fresh Meadows Location | 2 Hotels with 219 Boutique Rooms | Hotel Introduction: This premium hotel portfolio, situated in the Fresh Meadows Auburndale neighborhood of New York, consists of two modern buildings (183-15 and 183-31 Horace Harding Expy).It is just a 15-minute drive from JFK Airport and 10 minutes from LaGuardia Airport, with direct bus access to Manhattan at the door. With an annual turnover of $13 million and a consistent growth trend, it boasts significant development potential. Both six-story buildings were constructed in 2018and are Marriott-branded properties. Covering a total land area of 44,919 square feet and a total building area of 99, 403 square feet, they offer 219 boutique rooms in total (124 at Courtyard and 95 at Fairfield), including various room types such as King, Queen, Double rooms, and luxury suites. The property is located in the top-rated School District 26 and holds H3 limited-service hotel ownership (affiliated with an international chain brand), zoned R3-1/C1-2, with a comprehensive management system in place. Thanks to its prime location, stable revenue performance, and professional brand operation, it is a highly valuable hotel asset for investment. Address: 181-31 & 183-15 Horace Harding Expy, Fresh Meadows, NY 11365 Investment Highlights —219 Non-s moking Guestrooms - 6 Story, Interior Corridor - 1 5-minute drive from JFK Airport --10 minutes from LaGuardia Airport -- annual turnover of $13 million --high occupancy 80.3% --open on 2018th --non-union hotel

FOR SALE DETAILS

PRICE

$29,880,000 USD

PRICE/SF

$891 USD /SF

# OF ROOMS

95

PRICE/ROOM

$314,526 {currency}

CAP RATE

10%

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fairfield Inn & Suites New York Queens/Fresh

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

6

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2018

PARKING SPACES

200

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,459 SF

ZONING

R 3-2/ C 2-2.

APN/PARCEL ID

07067-0054

ASK ABOUT THIS PROPERTY

Zhao LiRoyalux RealtyMore Info
347-399-8556

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Zhao LiRoyalux RealtyMore Info
347-399-8556

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