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9-02 38th Ave
Long Island City, NY 11101 Ravenswood

Price Upon Request

Hotel For Sale  •  44,168 SF

Property Details

  • Property Type Hotel
  • Total Building Size 44,168 SF
  • Lot Size 0.18 AC
  • Building Class B
  • Year Built 2019
  • Tenancy Multiple
  • Zoning M1-3
100 Transit Score
89 Walk Score

Highlights

Lease extension with Housing Works was executed. Term of the lease will commence on 7/1/25 and expire on 6/30/28. NOI will be $3.28M as of 7/2025.
112-key hotel leased to Housing Works, a leading not-for-profit organization operating as a halfway house.
Access to and from the property is easy via subway, Long Island Railroad, and ferry services, offering multiple transportation options.
Long Island City is a prime investment destination, renowned for its rapid development and unbeatable proximity to Manhattan.
Operating under the La Quinta brand, the franchise has a minimal role other than collecting a franchise fee and implementing any PIPs.

Amenities

  • Business Center
  • Fitness Center
  • High Speed Internet Access
  • Patio
  • Public Access Wifi
  • Smoke-Free

Public Transportation

Commuter RailDriveWalkDistance
Hunterspoint Avenue Station (Hempstead Branch - Long Island Rail Road, Oyster Bay Branch - Long Island Rail Road) 8 min - 1.5 mi
Grand Central Terminal (Harlem Line - Metro-North Commuter Railroad Company (Metro-North), Hudson Line - Metro-North Commuter Railroad Company (Metro-North), New Haven Line - Metro-North Commuter Railroad Company (Metro-North)) 13 min - 3.6 mi
Transit/SubwayDriveWalkDistance
21 Street-Queensbridge (F - New York MTA Subway (The Subway)) 3 min 10 min 0.5 mi
39 Avenue (N - New York MTA Subway (The Subway), Q - New York MTA Subway (The Subway)) 5 min 16 min 0.8 mi
36 Avenue (N - New York MTA Subway (The Subway), Q - New York MTA Subway (The Subway)) 6 min 18 min 0.9 mi
Queensboro Plaza (7 - New York MTA Subway (The Subway), N - New York MTA Subway (The Subway), Q - New York MTA Subway (The Subway)) 11 min 18 min 0.9 mi
AirportDriveWalkDistance
LaGuardia 14 min - 5.1 mi
John F Kennedy International 28 min - 16.3 mi
Newark Liberty International 33 min - 17.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 3
Type: Surface
Included in Rent: Yes