37-59 81st St Jackson Heights, NY 11372

Listing agency Meridian Capital Group Show Phone

Listed by Eugene Kim · License #10301211303

Source Crexi

Added: Apr 11 Updated: Jul 20 at 8:12PM Checked: Jul 21 at 4:48AM

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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

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FAQs

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