NY
Queens
Fresh Meadows
11365
18331 Horace Harding Expressway
18331 Horace Harding Expressway, Fresh Meadows, NY 11365
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Listing Type
Commercial/Industrial
Listing Status
Active
44
$29,880,000

Home Details for 18331 Horace Harding Expressway

Price
$29,880,000
Type
Commercial Sale
Year built
2018
Lot size acres
0.2921
County
Queens
Basement
Finished, Full
MLS Listing#
888831
Property Description

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.

Property Features
  • Utilities
    • Natural Gas Available
    • Cable Available
    • Electricity Available
    • Phone Available
    • Phone Connected
    • Sewer Available
    • Water Available
  • Basement
    • Finished
    • Full
  • Cooling Information
    • Central Air
  • Heating Information
    • Forced Air
  • Water Features
    • Public
Listing Courtesy: Royalux Realty LLC - 718-666-6066
Presented by: Zhao Li
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180-32 Union Turnpike, Fresh Meadows, NY 11365
Office
718 380 2500
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