The Holiday Inn Hotel In Long Island City, Ny For Sale $65,000,000 Long Island City, Ny
Location: new york city
‹ image 1 of 9 ›
Advertisements
license info: 01883945
QR Code Link to This Post
Address: 39-02 20th. St., Long Island City, NY 11101
This subject property, commonly known as Holiday Inn LLC-Manhattan View, is the leasehold position of a 16-story, 136-room, full-service lodging facility built in 2008. The property was completely rehabbed recently in 2023-2024 and was in good condition at the time of inspection. The subject property features all basic services for a property of this type, and offers amenities including a restaurant, fitness room, business center, sdries vending machine, meeting space, vending and ice machines. This property is located in the southeast corner of the quadrants formed by the intersection between 39th Avenue and 29th Street in Long Island City, Queens, New York. The hip, artistic neighborhood has very good access to the area’s primary demand generators and ancillary amenities, including corporations like Citicorp, Rolex and JetBlue. Additionally, the subject is conveniently located one block west from the MTA 39th Avenue Subway Station East River (N and W lines), which facilitates direct access to Midtown Manhattan.
Options:
a) Is to buy it as a leasehold ownership with 99 years lease, monthly rent is: $110,000. This ownership will cost you $35 Millions.
b) Is to buy it as fee simple ownership where the lease will not apply since you own the building and the grod. This price is :$65 Millions.
We have a Bank who can offer most of this financing if necessary.
The Hotel is now closed and just waiting for a righteous new owner. Please do your own due diligence.
Should you have any Additional questions or need further clarification do not hesitate to contact me At: show contact info
.
Purchase Price: $65,000,000 Plus 6% Buyer’s Premium Fee.
NOTE:
We do have more Multi-Family apartment complexes and hotels available for sale. All properties are Off Market including Hotels in New York and other States with purchase offers as: Cash For Keys, JV, Assumable Loans, Owner Financing. If you are looking to invest in California Or any other State, I am the guy to help you out to find Industrial, Commercial, Residential, RV Parks, Mobile homes Parks, Resorts, Buildable Lands, Casinos, Etc.
