Fully Operating Hotel
For Sale
$35,000,000
38-61 12th Street, Queens, NY 11101
COMMERCIAL - Other - Queens, NY
Property SizeContact for details
Days on Market84
Property Features for 38-61 12th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Long Island City
High school district
000000
Standard status
Active
Building Details
Architectural style
Other
Listing Agency:
Compass
(646) 982-0353
Listed By:
Zahra Joudi
Added: May 29
Changed: Aug 4
Last Checked: Aug 20 at 4:06AM
MLS# 11797827
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Investment Insights
Based on property information with market context.
38-59 to 38-61 12th Street presents a fully operating hospitality hotel building for sale in Long Island City. The property contains 152 guest rooms and is currently subject to a 3-year lease, supporting operational continuity and immediate income stability for an investor or hospitality operator.
The building is positioned in a rapidly active Queens corridor with access to major transportation and Midtown Manhattan. It is described as being near multiple subway lines and major highways, with proximity to LaGuardia Airport and JFK Airport. The offering also references the LIC waterfront district and surrounding new developments, office hubs, residential towers, and dining options.
This is a hospitality-focused asset with substantial scale and accessibility, presented as a turnkey opportunity within a neighborhood undergoing continued growth and change in Long Island City, Queens.
The building is positioned in a rapidly active Queens corridor with access to major transportation and Midtown Manhattan. It is described as being near multiple subway lines and major highways, with proximity to LaGuardia Airport and JFK Airport. The offering also references the LIC waterfront district and surrounding new developments, office hubs, residential towers, and dining options.
This is a hospitality-focused asset with substantial scale and accessibility, presented as a turnkey opportunity within a neighborhood undergoing continued growth and change in Long Island City, Queens.
Key Highlights
- 152 guest rooms in a fully operating hotel building
- Currently subject to a 3‑year lease
- 38‑59 to 38‑61 12th Street hotel building in Long Island City
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5,505
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 - Fully operating hotel with 152 guest rooms, currently under a three-year lease in Long Island City, Queens.
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: 152 guest rooms in a fully operating hotel building; Currently subject to a 3‑year lease; 38‑59 to 38‑61 12th Street hotel building in Long Island City
