Limited-Service Hotel for
For Sale
Contact for pricing
12-29 40th Ave, Queens, NY 11101
Constructed in 2014, this 75-key limited-service hotel offers NNN lease and lease-to-own options.
Property SizeContact for details
Days on Market122
Property Features for 12-29 40th Ave
General Information
Standard status
Active
Property subtype
Hospitality
Listing Agency:
Besen Partners
(415) 889-3314
Listed By:
Ronald H. Cohen · License #NY 40CO0983987
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 21 at 1:51PM
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 Besen Partners
Investment Insights
Based on property information with market context.
Constructed in 2014, the Microtel Inn by Wyndham is a 75-key limited-service hotel featuring a modern geometric steel façade and premium Italian marble and veneer finishes in the lobby and common areas. The property also includes mid-century modern furniture throughout common spaces. The offering highlights an option for NNN lease structures, as well as lease-to-own possibilities.
The remarks indicate the property has demonstrated performance during COVID-19, including 60% occupancy over the past three months and an ADR of $108, with higher RevPAR than nearby competitors. Property materials suggest the current flag and building specifications can support repositioning, including potential reflagging under additional brands.
The subject property has a mixed zoning designation including R7X, which the offering states allows for residential use.
The remarks indicate the property has demonstrated performance during COVID-19, including 60% occupancy over the past three months and an ADR of $108, with higher RevPAR than nearby competitors. Property materials suggest the current flag and building specifications can support repositioning, including potential reflagging under additional brands.
The subject property has a mixed zoning designation including R7X, which the offering states allows for residential use.
Key Highlights
- Constructed in 2014, Microtel Inn by Wyndham features a 75‑key limited‑service hotel design.
- Property offers NNN lease and lease‑to‑own structures.
- Mixed zoning designation includes R7X, allowing for residential use.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,288
Businesses Nearby
Explore this area
Business Placement
Demographics for 11101, NY
48,867
Population
27,093
Households
1.8
Avg Household Size
33
Median Age
65%
College-Educated
90%
High-School Grad
2.6 sq mi
ZIP Area
18,795
Density / Sq Mi
$116,807
Median Household Income
$83,892
Median Earnings
$2,740
Median Rent
$995,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Constructed in 2014, this 75-key limited-service hotel offers NNN lease and lease-to-own options.
Where is this hotel located?
The property is located at 12-29 40th Ave Queens, NY.
What are key features of this property?
This property features: Constructed in 2014, Microtel Inn by Wyndham features a 75‑key limited‑service hotel design.; Property offers NNN lease and lease‑to‑own structures.; Mixed zoning designation includes R7X, allowing for residential use.
