89-71 164th Street - Hospitality FOR SALE


Queens, NY 11432
$8,500,000 USD
212-685-7777
89-71 164th Street, Queens, NY for Sale
$8,500,000 USD
Hospitality - FOR SALE
1/4
null | Request Cap Rate

89-71 164th Street
Queens, NY 11432


OVERVIEW

89-71 164th Street – Approved Hotel Development Opportunity | Jamaica, Queens Prime development opportunity at 89-71 164th Street, offered with approved plans for approximately 30,000 square feet of hotel development. This shovel-ready project allows a developer to move forward immediately with a fully entitled hospitality asset in one of Queens’ most active and growing corridors. The approved plans feature an efficient multi-story hotel design with floor plates of approximately 6,000 square feet, helping streamline construction and maximize usability. Situated in the heart of Jamaica, Queens, the property benefits from strong proximity to major transportation, including the LIRR, AirTrain to JFK, and multiple subway lines, as well as the Jamaica Avenue retail corridor and surrounding commercial activity. Property Details: Approx. 9,800 SF lot (per plot plan) Approved ~30,000 SF hotel development Approx. 6,000 SF floor plates Located in a C6-2 zoning district Investment Highlights: Shovel-ready with approved plans Prime transit-oriented location near JFK Airport Strong demand drivers from retail, commercial, and institutional uses Efficient building layout for hotel or hospitality use Disclaimer All square footage, zoning, and development information is approximate and subject to independent verification by purchaser.

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/SF

$218 USD /SF

# OF ROOMS

78

PRICE/ROOM

$108,974 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Clarion Hotel Queens

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

5

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2027

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

C4-5X

APN/PARCEL ID

09794-0025

ASK ABOUT THIS PROPERTY

Alex ChoThe Corcoran GroupMore Info
212-685-7777

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

Alex ChoThe Corcoran GroupMore Info
212-685-7777

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