152-Room Operating
For Sale
$35,000,000
38-61 12th Street, Queens, NY 11101
Commercial Sale, Queens, NY
Property SizeContact for details
Days on Market86
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 20
Last Checked: Aug 22 at 6:06AM
MLS# 11797827
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.
Investment Insights
Based on property information with market context.
The property at 38-61 12th Street is an operating hotel in Long Island City with 152 guest rooms. The hospitality asset is subject to a 3-year lease, providing an established operating structure for the property.
The building is positioned near major transportation routes, multiple subway lines, and highways, with access to Midtown Manhattan. LaGuardia Airport and JFK Airport are also identified as nearby transportation assets. The property is located within the Long Island City waterfront district and near office, residential, dining, and new development activity.
The building is positioned near major transportation routes, multiple subway lines, and highways, with access to Midtown Manhattan. LaGuardia Airport and JFK Airport are also identified as nearby transportation assets. The property is located within the Long Island City waterfront district and near office, residential, dining, and new development activity.
Key Highlights
- 152 guest rooms in an operating hotel property
- Subject to a 3‑year lease
- 38‑61 12th Street, Queens, NY 11101
Property Analytics
Property Profile
Current Use
Lease Details
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Hotel - Operating hospitality property subject to a 3-year lease with transportation access in Long Island City.
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 an operating hotel property; Subject to a 3‑year lease; 38‑61 12th Street, Queens, NY 11101
