1021 Beach 21st St Queens, NY 11691

Listing office Besen Partners Show Phone

Listing date Apr 11, 2026

Source Crexi

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Investment Insights

Based on property information with market context.

This offering features a 146-key hotel property located at Far Rockaway, New York. The property encompasses a total of 53,868 square feet. Constructed as a dual-branded hotel, combining both Wingate by Wyndham and former Best Western, the property is currently leased to the City of New York for its Sanctuary housing program. A 25-year tax abatement started in January 2020. The property is located in close proximity to JFK Airport and several key transport hubs. The A Train Far Rockaway – Mott Ave Station is 0.1 mile away, and the Long Island Rail Road Far Rockaway Station is 0.4 miles away. Far Rockaway is a diverse neighborhood with a mix of commercial and residential entities. The steady rental income from the City of New York makes this property an investment venture.

Key Highlights

• Guaranteed steady income stream through lease with the City of New York for its Sanctuary housing program.
• Enjoy a robust 13.03% Cap Rate, indicating excellent potential for income generation.
• 25‑year tax abatement started in January 2020, significantly reducing tax liabilities.

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FAQs

What type of property is this?

Hotel - Dual-branded hotel leased to NYC with tax abatement.

Where is this hotel located?

The property is located at 1021 Beach 21st St Queens, NY.

What are key features of this property?

This property features: Guaranteed steady income stream through lease with the City of New York for its Sanctuary housing program.; Enjoy a robust 13.03% Cap Rate, indicating excellent potential for income generation.; 25‑year tax abatement started in January 2020, significantly reducing tax liabilities.