Metro Commercial & Business Brokers, Inc.
Listed by Metro Commercial & Business Brokers, Inc.
$53,000,000
Wingate By Wyndham - Long Island City
Details
Property Type Hospitality
Sub Type Hotel
Square Footage 80,387
Keys 144
Pro-Forma Cap Rate 7.8%
Pro-Forma NOI $4,136,610
Price per SqFt $659
Broker Co-Op Yes
Year Built 2019
Buildings 1
Stories 16
Lot Size (SqFt) 8,700
Hospitality | 144 Keys | $368,056/key
Marketing description
Wingate By Wyndham Long Island City is conveniently located near subway stops and Ed Kotch Bridge (59th Street Bridge) to Midtown Manhattan. Long Island City is one of the fastest growing neighborhoods in the New York Metropolitan area.
Investment highlights
Excellent investment opportunity in an recently built quality brand hotel. A 25 year Real Estate Tax abatement is in place with 19 year remaining.
Listing Contacts
Metro Commercial & Business Brokers, Inc.
Listed by Metro Commercial & Business Brokers, Inc.
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
