The Belvedere Fire Island 33 Bayview Walk 36 Room Hotel Cherry Grove, NY 11782 $10,900,000 ($302,778/Room)

INVESTMENT HIGHLIGHTS

  • Exclusive, never-before-offered opportunity to acquire the iconic Belvedere!
  • Venetian-inspired design with luxurious amenities and breathtaking views!
  • Significant opportunity for revenue growth through rate management and F&B!
  • 200 feet of Bayfront in Fire Island’s premier LGBTQ+ destination!
  • Unbeatable location just steps from pristine beaches, vibrant nightlife, and dining!
  • Renowned reputation with a loyal, repeat clientele, while also attracting new guests!

EXECUTIVE SUMMARY

Muroff Hospitality Group is proud to exclusively present for the first time the rare opportunity to acquire the iconic Belvedere Guest House. Never before offered for sale, this premier Venetian-inspired boutique property is situated on 200 linear feet of Bayfront in Fire Island’s renowned LGBTQ+ destination, just 90 minutes from New York City. The Belvedere boasts luxurious amenities, ornate public areas, and breathtaking bay views. The property features beautifully appointed guest rooms, an outdoor pool and hot tub, a rooftop terrace, a private gym, and direct access to pristine beaches, vibrant nightlife, and fine dining. A beloved landmark within the Fire Island community for decades, this legendary property presents a once-in-a-lifetime investment opportunity! For the right investor, The Belvedere represents a compelling opportunity to drive value. There is meaningful upside through rate optimization and active revenue management, along with the introduction of food and beverage operations. Despite having elegant public areas—including a grand parlor and expansive gardens with direct bay views—the property has never offered event hosting or private dining, leaving significant ancillary revenue on the table.

PROPERTY FACTS

Price $10,900,000
Price Per Room $302,778
Sale Type Investment
Sale Condition Business Value Included
Property Type Hospitality
Property Subtype
Hotel
Building Class B
Lot Size 0.26 AC
Building Size 12,836 SF
No. Rooms 36
No. Stories 3
Year Built 1956
Corridor Interior
Zoning C-1

AMENITIES

  • Business Center
  • Fitness Center
  • Pool
  • Outdoor Pool
  • Beach (direct access)
  • Meeting Event Space
  • Wedding Venue
  • Public Access Wifi
  • Hot Tub
  • Fiber Optic Internet
  • Smoke Detector

ABOUT 33 BAYVIEW WALK , CHERRY GROVE, NY 11782

The Belvedere offers 33 thoughtfully designed guest rooms that maximize occupancy and revenue. Premium and Deluxe Rooms provide for an elevated guest experience with stunning bay views, private terraces, en suite baths, and modern amenities. Standard Rooms offer comfortable mid-tier accommodations with en suite baths, balancing value and convenience. For budget-conscious guests, the property features 13 Economy Rooms that share 8 bathrooms. The Quad Rooms cater to groups, further expanding the property’s market reach. This diverse mix of accommodations optimizes occupancy, enhances guest satisfaction, and increases overall profitability. Fire Island, NY is the ultimate gay vacation getaway. It offers pristine beaches without a hint of pretension. Nestled in between the Great South Bay and Atlantic Ocean, the island has been a haven for generations of beach-goers, outdoor enthusiasts, and water sport lovers. Free of cars and chaos, this unique island seems like a world away from its neighboring New York metropolitan way of life. Cherry Grove, known as America’s first gay small town, boasts a rich LGBTQ+ history that spans decades. Affectionately called “The Grove” by locals, this vibrant and welcoming community greets visitors with its friendly atmosphere the moment they step off the ferry. With no cars on the island, transportation is exclusively by foot, creating countless opportunities for chance encounters and lively conversations with passersby.

ROOM MIX INFORMATION

DESCRIPTION NO. ROOMS DAILY RATE SF
Guest Room 36 $145.00 -

PROPERTY TAXES

  • Listing ID: 35384503

  • Date on Market: 4/5/2025

  • Last Updated:

  • Address: 33 Bayview Walk, Cherry Grove, NY 11782