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Wingate by Wyndham Long Island City 38-70 12th St 144 Room Hotel Long Island City, NY 11101 $53,000,000 ($368,056/Room) 7.80% Cap Rate

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INVESTMENT HIGHLIGHTS

Near Subway

5 minutes to Manhattan

EXECUTIVE SUMMARY

Excellent Long Island City location conveniently located near the Subway and Ed Kotch Bridge (59th St Bridge). Opened in 2019 this 144 Key Wingate By Windham Hotel is in excellent condition and has excellent ratings. The 2025 Budget EBITA is $4,136,610.
for detailed information pleas contact John Wilmarth at 516 633-5498 or john@metroocbb.com

Wingate 38-70 12th Street Long Island City NY 1025

PROPERTY FACTS

Price	$53,000,000	Building Size	93,160 SF
Price Per Room	$368,056	No. Rooms	144
Sale Type	Investment	No. Stories	16
Cap Rate	7.80%	Year Built/Renovated	2017/2024
Property Type	Hospitality	Parking Ratio	0.11/1,000 SF
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	0.20 AC
Zoning	M1-3 - Light industrial with offices, hotels, and most retail uses permitted

Price	$53,000,000
Price Per Room	$368,056
Sale Type	Investment
Cap Rate	7.80%
Property Type	Hospitality
Property Subtype	Hotel
Building Class	B
Lot Size	0.20 AC
Building Size	93,160 SF
No. Rooms	144
No. Stories	16
Year Built/Renovated	2017/2024
Parking Ratio	0.11/1,000 SF
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.
Zoning	M1-3 - Light industrial with offices, hotels, and most retail uses permitted

Business Center
Fitness Center

High Speed Internet Access
Patio

Public Access Wifi

Smoke-Free

ROOM MIX INFORMATION

DESCRIPTION	NO. ROOMS	DAILY RATE	SF
Suite	4	$470.00	-
Guest Room	140	$208.00	-

LINKS

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Walk Score®

Walker's Paradise (94)

Transit Score®

Rider's Paradise (100)

Bike Score®

Very Bikeable (85)

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	00473-0618	Improvements Assessment	$6,141,870
Land Assessment	$573,750	Total Assessment	$6,715,620

PROPERTY TAXES

Parcel Number

00473-0618

Land Assessment

$573,750

Improvements Assessment

$6,141,870

Total Assessment

$6,715,620

(516) 633-5498

CONTACT

John Wilmarth
Metro Commercial and Business Brokers Inc

Listing ID: 37772876
Date on Market: 9/22/2025
Last Updated:
Address: 38-70 12th St, Long Island City, NY 11101

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