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The Elmhurst Hotel 37-59 81 St 35 Room Hotel Jackson Heights, NY 11372 $15,000,000 ($428,571/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.
Featuring Hotel, Laundromat, Barbershop, Senior Center, and a Cell Tower Roof.
PROPERTY FACTS
| Price | $15,000,000 | Building Size | 27,288 SF |
| Price Per Room | $428,571 | No. Rooms | 35 |
| Sale Type | Investment | No. Stories | 7 |
| Property Type | Hospitality | Year Built | 2009 |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 0.11 AC | ||
| Zoning | C4-3 - Commercial/Qualified Opportunity Zone | ||
| Price | $15,000,000 |
| Price Per Room | $428,571 |
| 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 |
| No. Stories | 7 |
| Year Built | 2009 |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | C4-3 - Commercial/Qualified Opportunity Zone |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 35 | $192.00 | - |
1 1
Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 01292-0050 | Improvements Assessment | $1,381,950 |
| Land Assessment | $405,000 | Total Assessment | $1,786,950 |
PROPERTY TAXES
Parcel Number
01292-0050
Land Assessment
$405,000
Improvements Assessment
$1,381,950
Total Assessment
$1,786,950
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The Elmhurst Hotel | 37-59 81 St
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