38-61 12th Street, Queens, NY 11101

Building Details

Architectural style

Other

Listing agent Zahra Joudi

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

Listing date May 29, 2026

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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.

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Overview

This for-sale hospitality property is a hotel building with 152 guest rooms and is currently operating. The offering is subject to an existing 3-year lease, providing continuity for an incoming owner that wants the asset to remain in operation.

The building is located at 38-61 12th Street in Queens (11101). The property remarks indicate convenient access to major transportation, including multiple subway lines, as well as major highways and both LaGuardia and JFK airports.

The combination of an operating hotel, sizable room count, and an in-place 3-year lease can fit buyers and hospitality groups looking for a turn-in-place opportunity. The structure supports tenants and operators seeking a stabilized operating environment rather than a ground-up scenario, while the market positioning described in the remarks makes it relevant for those evaluating long-term hospitality assets in Queens’ Long Island City area.

Suggested Use

Law Firm Real Estate Agency Clothing & Fashion Store Nursing Home Nursing Home Hotel & Motel Computer & Electronic Repair Tech Support Center Catering Service Furniture & Home Goods

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

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FAQs

What type of property is this?

Hotel - For sale hotel building with 152 guest rooms, currently under a 3-year lease for operating continuity.

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: Commercial hospitality/hotel building for sale at 38‑59 to 38‑61 12th Street, Long Island City (LIC).; 152 guest rooms in a fully operating hospitality asset.; Property is currently subject to a 3‑year lease, providing ongoing income during the lease term.