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3858 12th St
Long Island City, NY 11101
Mayfair Inn and Suites Long Island City · Hospitality Property For Sale
·
50 Rooms
Investment Highlights
- Immediate proximity—just steps—to multiple subway lines (F, M), allowing direct access to Manhattan in under 15 minutes.
- Strong neighborhood performance, with trailing 12-month (T12) RevPAR of approximately $165.
- Current Long Island City hotel comps are trading north of $250,000–$300,000 per key, positioning the offering at an attractive basis.
- Prime location near leading demand generators such as Citi Field, Arthur Ashe Stadium, LaGuardia Airport, Queens College, Queens Center Mall, and a vi
- Limited new hotel supply and efficient, institutional-quality design offer significant future upside.
- Unencumbered by management, with options for brand conversion, extended-stay, co-living, student housing, or alternative uses.
Executive Summary
JLL's Hotels & Hospitality Group, as exclusive agent for the owner, is offering for sale the fee simple interest in the 50-room Mayfair Inn & Suites, a nine-story, steel-and-concrete micro-hotel built in April 2018 and strategically located on 12th Street in Long Island City, Queens, New York. While currently leased to a local hotel operator under a short-term triple-net lease—and previously leased to a not-for-profit charitable association contracted by DHS—the Property will be delivered unencumbered at closing, affording full investor flexibility. With many rooms offering sweeping views of the Manhattan skyline and East River, this represents a rare acquisition opportunity in one of New York City's highest barrier-to-entry and fastest-growing markets.
Property Facts
| Sale Type | Investment | No. Rooms | 50 |
| Cap Rate | 10% | No. Stories | 9 |
| Property Type | Hospitality | Year Built | 2018 |
| Property Subtype | Hotel | Parking Ratio | 0.64/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 0.08 AC | Opportunity Zone |
Yes
|
| Building Size | 18,682 SF | ||
| Zoning | M1-3 | ||
| Sale Type | Investment |
| Cap Rate | 10% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 18,682 SF |
| No. Rooms | 50 |
| No. Stories | 9 |
| Year Built | 2018 |
| Parking Ratio | 0.64/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | M1-3 |
Amenities
- Fitness Center
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 50 | $115.00 | - |
Property Taxes
| Parcel Number | 00473-0613 | Improvements Assessment | $1,149,840 |
| Land Assessment | $270,000 | Total Assessment | $1,419,840 |
Property Taxes
Parcel Number
00473-0613
Land Assessment
$270,000
Improvements Assessment
$1,149,840
Total Assessment
$1,419,840
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