Search
Mixed-Use Hotel Building
For Sale
Contact for pricing
Pending

37-59 81st St, Jackson Heights, NY 11372

Seven-story mixed-use building with 35-room hotel plus retail, pharmacy, laundromat, and adult day care.

Property Size27,288 SF
Days on Market112

Property Features for 37-59 81st St

General Information

Standard status Pending
Size 27,288 SF
Property subtype Mixed Use

Additional Details

Opportunity Zone Yes

Building Details

Stories 7
Listing Agency: Meridian Capital Group
Listed By: Eugene Kim · License #10301211303
Source: Crexi
Added: Apr 11 Changed: Jul 20 Last Checked: Jul 30 at 10:22AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Meridian Capital Group

Investment Insights

Based on property information with market context.

37-59 81st Street is a seven-story (plus cellar and subcellar) mixed-use hotel building totaling approximately 27,288 gross square feet. The property’s first floor is configured with a laundromat and pharmacy, and the second floor is improved as an adult day care. Floors 3 through 7 comprise the hotel component, with 35 rooms. A legal, rentable lower-level retail space with elevator access is also included.

The property is located in Jackson Heights, Queens, within a qualified Opportunity Zone and in proximity to mass transit and major retail and neighborhood amenities.

With multiple income-producing components across the vertical mix, the building offers an Opportunity Zone context and is described as a potential long-term value-add investment or 1031 exchange opportunity.

Key Highlights

  • Seven‑story (plus cellar and subcellar) mixed‑use hotel building in Jackson Heights, Queens
  • +/-27,288 gross square feet with hotel space plus multiple income‑producing commercial uses
  • 35‑room hotel on floors 3‑7

Property Analytics

Current Use

Elmhurst Hotel Hotel & Motel

Suggested Use

Top Pick Law Firm Hair Salon Spa & Massage Center Nail Salon Dental Office Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

6,232
Businesses Nearby
219k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 33% Shops & Services 32% Dining 22% Apparel 10%
Super Foodtown Groceries
26,968 visits/mo 0.5 miles
Key Food Supermarkets Groceries
20,764 visits/mo 0.2 miles
Old Navy Apparel
20,466 visits/mo 0.5 miles
KFC Dining
18,428 visits/mo 0.3 miles
Farm Country of Jackson Heights Groceries
17,690 visits/mo 0.5 miles

Demographics for 11372, NY

68,000
Population
26,613
Households
2.6
Avg Household Size
41
Median Age
35%
College-Educated
81%
High-School Grad
0.7 sq mi
ZIP Area
97,143
Density / Sq Mi
$77,133
Median Household Income
$44,415
Median Earnings
$1,795
Median Rent
$454,400
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Hotel - Seven-story mixed-use building with 35-room hotel plus retail, pharmacy, laundromat, and adult day care.
Where is this hotel located?
The property is located at 37-59 81st St Jackson Heights, NY.
What are key features of this property?
This property features: Seven‑story (plus cellar and subcellar) mixed‑use hotel building in Jackson Heights, Queens; +/-27,288 gross square feet with hotel space plus multiple income‑producing commercial uses; 35‑room hotel on floors 3‑7
(646) 502-3481 Call to check price and availability
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message