Five-Story La Quinta
For Sale
Contact for pricing
447 Union Avenue, Brooklyn, NY 11201
Brand-new five-story hotel with 52 furnished rooms under a 20-year La Quinta franchise agreement.
Property SizeContact for details
Days on Market122
Property Features for 447 Union Avenue
General Information
Standard status
Active
Property subtype
Hospitality
Listing Agency:
JLL - New York City, New York
(212) 376-5449
Listed By:
Brendan Maddigan · License #NY 10301206472
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 21 at 1:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL - New York City, New York
Investment Insights
Based on property information with market context.
Cushman & Wakefield is pleased to present a brand-new, fully built five-story hotel. The property features 52 guest rooms furnished with queen-size beds, flat screen TVs, and in-room desks and chairs. The hotel is operated under a 20-year franchise agreement with La Quinta.
The hotel sits on a desirable corner lot and is located less than 100 feet from the combined L & G Train Station, with the station directly across the street. The surrounding area includes well-known local destinations such as Fette Sau, Williamsburg Cinemas, Union Pool, Lilia, and Llama Inn.
A cancellation of the franchise agreement may be available for a “liquidated damages” fee of $100,000, with the franchise agreement available upon request for independent verification. The property also includes a basement and an elevator-accessible roof, which the offering materials highlight as potential areas to support additional retail and food-and-beverage concepts.
The hotel sits on a desirable corner lot and is located less than 100 feet from the combined L & G Train Station, with the station directly across the street. The surrounding area includes well-known local destinations such as Fette Sau, Williamsburg Cinemas, Union Pool, Lilia, and Llama Inn.
A cancellation of the franchise agreement may be available for a “liquidated damages” fee of $100,000, with the franchise agreement available upon request for independent verification. The property also includes a basement and an elevator-accessible roof, which the offering materials highlight as potential areas to support additional retail and food-and-beverage concepts.
Key Highlights
- Brand‑new five‑story hotel at 447 Union Avenue, Williamsburg, Brooklyn, featuring 52 guest rooms.
- Rooms include queen‑size beds, flat screen TVs, and in‑room desks and chairs.
- Less than 100 feet from the combined L & G Train Station, directly across the street.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7,050
Businesses Nearby
282k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 36%
Dining 27%
Shops & Services 17%
Electronics 12%
Food Bazaar Supermarket
Groceries
102,163 visits/mo
0.4 miles
McDonald's
Dining
37,292 visits/mo
0.4 miles
Shoppers World
Apparel
16,961 visits/mo
0.5 miles
BP
Shops & Services
16,590 visits/mo
0.2 miles
Burger King
Dining
15,343 visits/mo
0.4 miles
Demographics for 11201, NY
69,703
Population
36,155
Households
1.9
Avg Household Size
35
Median Age
79%
College-Educated
96%
High-School Grad
1.4 sq mi
ZIP Area
49,788
Density / Sq Mi
$169,285
Median Household Income
$113,681
Median Earnings
$3,207
Median Rent
$1,131,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Brand-new five-story hotel with 52 furnished rooms under a 20-year La Quinta franchise agreement.
Where is this hotel located?
The property is located at 447 Union Avenue Brooklyn, NY.
What are key features of this property?
This property features: Brand‑new five‑story hotel at 447 Union Avenue, Williamsburg, Brooklyn, featuring 52 guest rooms.; Rooms include queen‑size beds, flat screen TVs, and in‑room desks and chairs.; Less than 100 feet from the combined L & G Train Station, directly across the street.
