Red Roof PLUS+ JFK Airport | 97-26 147th Pl
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Red Roof PLUS+ JFK Airport 97-26 147th Pl
86 Room Hotel Jamaica, NY 11435 £20,382,257 (£237,003/Room)
Investment Highlights
- 86 Key / 9 Story Hotel
- JFK Airport Hotel close to Air-Train and LIRR
- Newly Constructed with Certificate of Occupancy
- 30 Minutes to Midtown Manhattan
Executive Summary
Newly Constructed 86 Key / 9 Story Hotel in The Jamaica Section of Queens. JFK Airport Hotel operating under the Red Roof Plus Flag. See link below for hotel website with additional information and photos. Hotel opened in September 2024 and October 2024 Tax Report is available. Red Roof Plus Franchise agreement available for review. 2025 projections bring NOI at over $2.15MM. Hotel is offered at an 8.5% capitalization. Please sign CA for access to additional information. All buyers must be approved. This is a rare opportunity to purchase a newly constructed NYC Hotel that is not operating as a shelter or in any program.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £20,382,257 | Building Size | 40,779 SF |
| Price Per Room | £237,003 | No. Rooms | 86 |
| Sale Type | Investment | Number of Floors | 9 |
| Property Type | Hospitality | Year Built | 2024 |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.17 AC |
| Price | £20,382,257 |
| Price Per Room | £237,003 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 40,779 SF |
| No. Rooms | 86 |
| Number of Floors | 9 |
| Year Built | 2024 |
| Corridor | Interior |
| Opportunity Zone |
Yes |
Amenities
- Business Centre
- Fitness Centre
- High Speed Internet Access
- Public Access Wi-Fi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 86 | £157.21 | - |
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Walk Score ®
Walker's Paradise (92)
Transit Score ®
Rider's Paradise (100)
PROPERTY TAXES
| Parcel Number | 10031-0014 | Improvements Assessment | £1,759,983 |
| Land Assessment | £245,340 | Total Assessment | £2,005,322 |
PROPERTY TAXES
Parcel Number
10031-0014
Land Assessment
£245,340
Improvements Assessment
£1,759,983
Total Assessment
£2,005,322
zoning
| Zoning Code | C4-5X |
| C4-5X |
-
Raymond Mordekhai -
Forest Park Properties Inc
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Red Roof PLUS+ JFK Airport | 97-26 147th Pl
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