38-61 12th Street, Queens, NY 11101

Building Details

Architectural style

Other

Listing agent Zahra Joudi Show Phone

Listing office Compass 90 Fifth Avenue, 3rd Floor, New York, NY Show Phone

Listing date May 29, 2026

Report an issue

MLS# 11797827 Listing URL

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

---

Overview

This mid-rise hospitality hotel building is for sale with 152 guest rooms and operates as a fully functioning lodging property. The offering includes an existing 3-year lease, supporting operational continuity for an incoming owner. The asset is presented as a turnkey hospitality investment, designed for ongoing day-to-day hotel use.

The property is located at 38-61 12th Street in Queens, within Long Island City. The public remarks note convenient access to major transportation and Midtown Manhattan, along with proximity to the LIC waterfront district. The location is also described as near multiple subway lines, major highways, and LaGuardia and JFK airports.

For investors or hospitality operators seeking a commercial property in Queens with established operations, the current lease structure and 152-room configuration may align with business needs. The building’s scale can support a hotel-focused strategy, while the described transit and airport accessibility may support continued guest access during the lease term.

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Queens

County

Queens

State

New York

Longitude

-73.94203

Latitude

40.756533

Nearby Similar for Sale

• 

  $999,000

  2,880 SF

  Spacious Two-Family Home in Queens

  Semi-detached two-family home with income potential and convenient location.

  10-37 BAY 31ST Street, Queens, NY 11691

  View Details
• 

  $1,449,999

  2,631 SF

  Spacious Multifamily Home with Pool

  Multifamily home in Queens with pool and ample parking.

  125-11 7th Avenue, Queens, NY 11356

  View Details
• 

  $999,000

  3,705 SF

  Brick Five-Unit Apartment Building

  Five 1-bedroom apartments with two currently vacant, plus private driveway, garage, common laundry, and separate utilities.

  137-16 88th Street, Queens, NY 11417

  View Details
• 

  $2,480,000

  4,097 SF

  Detached Brick Two-Family Residence

  Fully detached two-family brick home with side-by-side living, double-height space, balconies, and a private driveway.

  1124 128th Street, Queens, NY 11356

  View Details
• 

  $1,500,000

  1,440 SF

  Queens Village Multifamily Investment Property

  Fully rented, renovated four-family house in Queens Village.

  99-02 212th Street, Queens, NY 11429

  View Details
• 

  $1,788,000

  2,650 SF

  Desirable Jackson Heights Multi-Family Home

  Well-maintained triplex in Jackson Heights with tenant or vacant options.

  77-16 25th Avenue, Queens, NY 11370

  View Details
• 

  $1,680,000

  4,300 SF

  Upgraded Six-Family Residence, Queens

  Income-producing six-family property with recent upgrades and private parking.

  22-08 120th Street, Queens, NY 11356

  View Details
• 

  $1,250,000

  2,178 SF

  Queens Two-Family Home Value-Add Opportunity

  Two-family home on a 48' x 100' lot.

  23-40 124th Street, Queens, NY 11356

  View Details
• 

  $900,000

  2,206 SF

  Renovated Triplex in Queens, NY

  Newly renovated triplex with versatile living spaces in Queens.

  341 Beach 67th Street, Queens, NY 11692

  View Details
• 

  $15,000,000

  21,445 SF

  NYU Medical Investment Opportunity

  Fully leased medical office building in Queens, NY.

  228-02 Merrick Boulevard, Queens, NY 11413

  View Details
• 

  $1,500,000

  1,210 SF

  Newly Renovated Two-Family Duplex

  Two-family home with newly updated interiors, five-car parking, and a fully finished basement with back entrance.

  140-14 Charles Lane, Queens, NY 11413

  View Details
• 

  $4,599,000

  5,220 SF

  Sunnyside Corner Commercial Property For Sale

  Income-producing property with gas station, convenience store, and repair shop.

  39-04 Skillman Ave, Queens, NY 11104

  View Details

FAQs

What type of property is this?

Hotel - Mid-rise hotel for sale with 152 guest rooms and a three-year lease in place.

Where is this hotel located?

The property is located at 38-61 12th Street Queens, NY.

What is the asking price?

The asking price for this property is $35,000,000.

What are key features of this property?

This property features: Fully operating hospitality/hotel building for sale at 38‑59 to 38‑61 12th Street in Long Island City; 152 guest rooms; Currently subject to a 3‑year lease for immediate income stability and operational continuity