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Property Description

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 . 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 27,755 sqf lot and a 54,944 sqf building. – The 183-31 property includes a 17,164 sqflot and a 42,186 sqf 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.

Features
Heating System:
Forced Air
Cooling System:
Central Air
Basement:
Finished, Full
Sewer:
Public Sewer
Utilities:
Cable Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, Electricity Available, Trash Collection Private, Phone Connected
Address Map
City:
NY
State:
NY
County:
Queens
Property and Construction
Development Status:
Brick
Agent MlsId:
218270
Office MlsId:
RLXX01
Special Listing Conditions:
No
Tax Annual Amount:
$424,867
Water Source:
Public
PhotosCount:
44

Commercial Sale For Sale

18331 Horace Harding Expressway, New York, NY

12,723 Acre
$29,880,000
Listing ID #888831
Basic Details
Property Type :
Commercial Sale
Property SubType :
Hotel/motel
Listing ID :
888831
Price :
$29,880,000
Bathrooms Total :
0
Building Area :
42,186 Sqft
Lot Area :
12,723 Acre
Year Built :
2018
Status :
Active
Status :
Active
Listing Office :
Royalux Realty LLC
Listing Agent :
Zhao Li
Agent info
Kasner Properties
284 W Park Ave Long Beach, NY 11561
Contact Agent
Walkscore
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