Marriott-Branded Full-Service
24 Crystal Run Crossing, Middletown, NY 10941
For Sale
Contact for pricing
Four floors contain 134 guest rooms alongside dining, recreation, fitness, business, and meeting amenities.
Property Size82,295 SF
Lot Size5.00 Acres
Price / SF$206.57
Days on Market44
Property Features for 24 Crystal Run Crossing
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Additional Details
Currently Operating
Amenities
The Bistro restaurant and bar
lobby lounge
indoor pool and hot tub
fitness center
business center with media pods
meeting space for up to 55 people
outdoor fire pit
Building Details
Buildings
Stories
Listing Agency:
KW Commercial Greater Nassau, NY
Listed By:
Tim McCaffrey · License #10401278221
Source:
Crexi
Added: Sep 27
Changed: Nov 8
Last Checked: Nov 8 at 5:36PM
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 KW Commercial Greater Nassau, NY
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Investment Insights
Based on property information with market context.
This four-story, fee-simple Courtyard by Marriott occupies 5 commercial acres in Middletown, New York. The hotel contains 134 guest rooms within approximately 82,295 square feet. On-site amenities include The Bistro restaurant and bar, a lobby lounge, an indoor pool and hot tub, a fitness center, and a business center with media pods. Meeting facilities accommodate up to 55 people; outdoor features include a fire pit, and the paved parking area has more than 120 spaces.
The property is 12 minutes from LEGOLAND and about an hour from New York City. Orange Regional Medical Center, Spectrum, and attractions throughout the Hudson Valley are identified as nearby demand drivers. The amenity mix also includes food and beverage service, meeting space, recreation, and business facilities.
The property is 12 minutes from LEGOLAND and about an hour from New York City. Orange Regional Medical Center, Spectrum, and attractions throughout the Hudson Valley are identified as nearby demand drivers. The amenity mix also includes food and beverage service, meeting space, recreation, and business facilities.
Key Highlights
- 134 guest rooms in a four‑story hotel
- Approximately 82,295 square feet on 5 commercial acres
- The Bistro restaurant and bar, lobby lounge, indoor pool, and hot tub
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$619,188
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,383,760
$12.4M
Cap Rate 7%
$8,845,543
$8.8M
Cap Rate 9%
$6,879,867
$6.9M
Market Conditions
NOI Build-Up for 82,295 SF
Gross rent
$1.48M $18.00/SF
− Vacancy
−$177.8K −$2.16/SF
EGI
$1.30M $15.84/SF
− OpEx
−$684.4K −$8.32/SF
NOI
$619.2K $7.52/SF
Area
Orange County, NY
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,383,760
Cap Rate 7%
$8,845,543
Cap Rate 9%
$6,879,867
Alternative Uses
Best Use
Hotel Hospitality
$8.85M
$7.74M – $10.32M
NOI $619,188 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$27.87M
$24.39M – $32.52M
NOI $1,951,063 @ 7.0% cap · market cap 11.48%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,642
Businesses Nearby
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Business Placement
Demographics for 10941, NY
14,549
Population
5,486
Households
2.7
Avg Household Size
40
Median Age
31%
College-Educated
93%
High-School Grad
32.0 sq mi
ZIP Area
455
Density / Sq Mi
$95,938
Median Household Income
$48,313
Median Earnings
$1,640
Median Rent
$325,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hotel - Four floors contain 134 guest rooms alongside dining, recreation, fitness, business, and meeting amenities.
Where is this hotel located?
The property is located at 24 Crystal Run Crossing Middletown, NY.
What is the asking price?
The asking price for this property is $17,000,000.
What are key features of this property?
This property features: 134 guest rooms in a four‑story hotel; Approximately 82,295 square feet on 5 commercial acres; The Bistro restaurant and bar, lobby lounge, indoor pool, and hot tub
