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The Elmhurst Hotel 37-59 81 St

35 Room Hotel Jackson Heights, NY 11372 £14,084,100 (£402,403/Room)

Investment Highlights

  • Heavy foot traffic
  • Retail and office space downstairs
  • Quick access to 7 train

Executive Summary

Fully leased (above grade), cash flowing with long term investments. The Hotel has a dedicated entrance, lobby, and elevator. Located just steps to Roosevelt Ave. and 82nd St. Also, near Elmhurst Hospital and Broadway, and 2 miles from LaGuardia Airport. Potential value-add opportunity with legal, lower-level retail space that has elevator access. Located within a Qualified Opportunity Zone
Featuring Hotel, Laundromat, Barbershop, Senior Center, and a Cell Tower Roof.

Attachments

37-59 81st. Brochure

Property Facts

Price £14,084,100 Building Size 27,288 SF
Price Per Room £402,403 No. Rooms 35
Sale Type Investment Number of Floors 7
Property Type Hospitality Year Built 2009
Property Subtype Hotel Corridor Interior
Building Class B Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size 0.11 AC
Price £14,084,100
Price Per Room £402,403
Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 0.11 AC
Building Size 27,288 SF
No. Rooms 35
Number of Floors 7
Year Built 2009
Corridor Interior
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

  • High Speed Internet Access
  • Public Access Wi-Fi

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 35 £150.23 -
1 of 1
Walk Score ®
Walker's Paradise (100)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 01292-0050 Improvements Assessment £1,188,205
Land Assessment £296,259 Total Assessment £1,484,464

PROPERTY TAXES

Parcel Number
01292-0050
Land Assessment
£296,259
Improvements Assessment
£1,188,205
Total Assessment
£1,484,464

zoning

Zoning Code C4-3 (Commercial/Qualified Opportunity Zone)
C4-3 (Commercial/Qualified Opportunity Zone)
(718) 503-2598

Contact

  • Listing ID: 33608208

  • Date on Market: 23/10/2024

  • Last Updated:

  • Address: 37-59 81 St, Jackson Heights, NY 11372

The Hospitality Property at 37-59 81 St, Jackson Heights, NY 11372 is currently available for sale. Contact E-House Realty & Management, Inc. for more information.

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© 2024 CoStar Group

The Elmhurst Hotel | 37-59 81 St
(718) 503-2598 x

The Elmhurst Hotel | 37-59 81 St

David Feng

(718) 503-2598

(718) 503-2598

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