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6843968

Utopia Pkwy, Queens, NY undefined

SL
NY10311206078
Simon Lou / Hotel Real Estate Group
Listed by Simon Lou / Hotel Real Estate Group
$21,000,000
1508 days on market
Updated 15 days ago

Near JFK Airport Hotel / Off Market / 90 rooms

Details
APN 0
Property Type Hospitality
Sub Type Hotel
Keys 95
Beds 90
Cap Rate 9.52%
NOI $2,000,000
Occupancy 80%
Brand/Tenant Marriott Hotels
Pro-Forma Cap Rate 11.9%
Pro-Forma NOI $2,500,000
Year Built 2018
Year Renovated 2018
Buildings 1
Stories 6
Lot Size (SqFt) 2,000 - 3,000
Zoning C 2-2
Parking Spaces 8 spaces
Investment Type Owner/User
Occupancy Date 10/01/2024
Ground Lease No
Ownership N/A

Hospitality | 90 Keys | $210,526/key

Marketing description

JFK Airport Queens NY Location
A 90 rooms, Non Unionized Hotel
Asking $20 millions for Sale

Serious buyer(s) only

Hotel Real Estate Group
Simon Lou
President / CEO
445 Park Av 9th Floor
New York NY 10022
M: +1 917 328 3611
E: [email protected]

Investment highlights

JFK Airport Queens NY Location
A 90 rooms, Non Unionized Hotel
Asking $20 millions for Sale

Serious buyer(s) only

Hotel Real Estate Group
Simon Lou
President / CEO
445 Park Av 9th Floor
New York NY 10022
M: +1 917 328 3611
E: hotel107@aol.com

Listing Contacts

SL
NY10311206078
Simon Lou / Hotel Real Estate Group
Listed by Simon Lou / Hotel Real Estate Group

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$2,000,000.00
$166,666.67/mo

Valuation Metrics

0
DSCR
9.52%
Cap Rate
9.52%
ROI

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