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The Belvedere at Fire Island 33 Bayview Walk 36 Room Hotel Cherry Grove, NY 11782 $10,900,000 ($302,778/Room)
INVESTMENT HIGHLIGHTS
- This is an exclusive, never-before-offered opportunity to acquire the iconic the Belvedere Guest House at Fire Island.
- Hotel has beautiful Venetian-inspired design with luxurious amenities and breathtaking views.
- There is a significant opportunity for revenue growth through rate management and F&B.
- There is over 200 feet of Bayfront in Fire Island’s premier LGBTQ+ destination.
- In an unbeatable location just steps from pristine beaches, vibrant nightlife, and dining.
- Belvedere Guest House has a renowned reputation with a loyal, repeat clientele, while also attracting new guests.
EXECUTIVE SUMMARY
The Belvedere Guest House 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 Guest House 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
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 between the Great South Bay and the 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
| Parcel Number | 0200-986-20-06-00-005-000 | Improvements Assessment | $8,500 |
| Land Assessment | $400 | Total Assessment | $8,900 |
PROPERTY TAXES
Presented by
The Belvedere at Fire Island | 33 Bayview Walk
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