18331 Horace Harding Expressway, Fresh Meadows, NY, 11365
2018
This premium hotel portfolio, located in the Fresh Meadows Auburndale community of New York, comprises two modern buildings (183-15 and 183-31 Horace Harding Expy) with an annual revenue of $13 million and a sustained growth trend, showcasing significant development potential. Both six-story buildings were constructed in 2018, A Franchised Marriott Hotel, with a total lot area of 44,919 sq ft (~4,173 sq m) and a combined gross floor area of nearly 100,000 sq ft . The property offers 217 boutique guest rooms (124 at Courtyard and 93 at Fairfield), featuring a variety of room types including King beds, Queen beds, Double beds, and luxury suites. Situated in the high-quality District 26, the property holds an H3-class limited-service hotel ownership (affiliated with an international chain brand) and is zoned as R3-1/C1-2, supported by a well-established management system. - The 183-15 property includes a 27,755 sqf lot and a 54,944 sqf building. - The 183-31 property includes a 17,164 sqflot and a 42,186 sqf building. With combined annual property taxes of approximately $950,000, this hotel asset boasts an excellent location, stable revenue performance, and professional brand operation, making it a highly attractive investment opportunity.
Status:
Active
Type:
Commercial
Heating:
Forced Air
Cooling:
Central Air
Basement:
Finished, Full
Parking:
200-car
Acreage:
0.29
Est. Taxes:
$424,867
Assessment
$4,575,150
Construction
Brick
Utilities
Cable Available, Electricity Available, Natural Gas Available, Phone Available, Phone Connected, Sewer Available, Trash Collection Private, Water Available
Days on Market:
2
MLS #:
888831
Community Info
School Info
Walk Score
Mass Transit
Yelp
Listing courtesy of Royalux Realty LLC 347-399-8556