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Executive Summary

Prime hotel and commercial development opportunity at 8971 164th Street, offered with approved hotel development plans. The property is positioned in a strong, high-demand corridor and is well-suited for a boutique or flagged hotel concept, with potential for complementary ground-floor commercial use.
This is a shovel-ready project, developers and investors seeking a clear entitlement path, reduced execution risk, and upside through new construction hospitality. Excellent access to major roadways, transportation, and surrounding amenities further enhances long-term value and demand.

Property Facts

Price $8,500,000
Price Per Room $108,974
Sale Type Investment
Sale Condition Building in Shell Condition
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 0.14 AC
Construction Status Final Planning
Building Size 39,000 SF
No. Rooms 78
No. Stories 5
Year Built 2027
Corridor Interior
Opportunity Zone Yes
Zoning C4-5X

Amenities

  • Fitness Center
  • Restaurant
  • High Speed Internet Access
  • On-Site Bar
  • Public Access Wifi

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 78 $257.00 -
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
09794-0025
Land Assessment
$383,400
Improvements Assessment
$1,510,650
Total Assessment
$1,894,050
  • Listing ID: 39355464

  • Date on Market: 2/6/2026

  • Last Updated:

  • Address: 89-71 164th Street, Queens, NY 11432

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