$29,880,000
18331 Horace Harding Expressway, New York, Queens, NY, 11365, USA
MLS#
888831
Property type
Commercial for sale
Land size
0.29 acres (0.12 ha)
Sale price per sqm
0 $
Save Listing
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.
Property Details
Year Built:
2018
Construction:
Brick
Property Features:
Elevator, Basement
Utilities:
Water, Sewer, Natural Gas, electricity - within the premises
Heating System:
Forced Air
Cooling System:
Central AC
Telecommunication:
Cable Available, Phone Available On Site
Basement and Foundation:
Finished basement

Contact Me

  • Zhao Li
  • Royalux Realty LLC
  • Office: 718-666-6066
  • Attribution Contact: 347-399-8556