Hotel for Sale in New York
Price Reduced

This hotel for sale property is located in Queens New York.

The hotel is within walking distance of Citifield Stadium (Former Shea Stadium) and No. 7 Roosevelt Avenue Subway Station about 10 miles to New York City LaGuardia Airport.

New York hotel for saleEnlarge Image
Queens New York HotelEnlarge Image The hotel is in an area of high industrial, corporate and commercial activity as well as high population concentration. Almost all hotels in the area have extremely high occupancy rates of 90% and better.

The Hotel Property is located at 112-23 Roosevelt Avenue, Queens, NY 11368, it consists of 58 fully furnished and rentable guest room, land Block 1786, Lot 38.41, (Tentative Lot 38), furniture, fixture, equipment, supply and all improvement in associate with the hotel operation.

The hotel will be delivered in fully operable turn key condition, including 5 Jacuzzi rooms, electronic computerized door key locks, sound proofing for all rooms and facilities, paved parking and property lighting facilities inside and outside, bullet proof front desk glass, close circuit monitoring system.

New York hotelEnlarge Image
Queens New York Hotel PlanEnlarge Image

It is estimated the hotel will be completed in first quarter of 2009 with certificate of occupancy to be granted in second quarter of 2009.

Asking price is reduced to $13,000,000 $11,000,000 All Cash