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92-77 Queens Blvd
Rego Park, NY 11374

$39,750,000 USD

Hotel For Sale • 61,780 SF

Property Details

Property Type Hotel
Total Building Size 61,780 SF
Lot Size 0.48 AC
Building Class B
Year Built 2016
Cap Rate 2.82 %
Zoning R7-1

100 Transit Score

95 Walk Score

                
                    Highlights
                
                                50-key hotel and the retail component of Retro Fitness, Starbucks, and the parking garage
                            
                                highly visible corner lot with excellent frontage on Queens Boulevard, a major thoroughfare in the area. 
                            
                                The property benefits from a strong tenant roster, with Retro Fitness and Starbucks both having long-term leases in place.
                            
                                Community Housing occupies 19,000± square feet and recently signed a 10-year lease with options.
                            
                                The current net operating income (NOI) is approximately $2,540,000 and the property is well-positioned to benefit from the strong demand for retail

Property Flyers

92-77 Queens Blvd_OM 090524

Cap Rate:

2.82 %

Amenities

Business Center
Fitness Center
Restaurant
High Speed Internet Access
Patio
On-Site Bar
Public Access Wifi
Smoke-Free

Public Transportation

Commuter Rail	Drive	Walk	Distance
Forest Hills Station (Babylon Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, Port Jefferson Branch - Long Island Rail Road)	6 min	-	1.9 mi
Mets-Willets Point Station (Port Washington Branch - Long Island Rail Road)	7 min	-	2.9 mi
Transit/Subway	Drive	Walk	Distance
Woodhaven Boulevard (E,G,R Line) (E - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway), R - New York MTA Subway (The Subway))	0 min	5 min	0.3 mi
63 Drive-Rego Park (E - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway), R - New York MTA Subway (The Subway))	2 min	5 min	0.3 mi
Grand Avenue-Newtown (E - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway), R - New York MTA Subway (The Subway))	2 min	13 min	0.7 mi
67 Avenue (E - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway), R - New York MTA Subway (The Subway))	5 min	16 min	0.8 mi
Airport	Drive	Walk	Distance
Laguardia	9 min	-	3.3 mi
John F Kennedy International	14 min	-	9.9 mi
Newark Liberty International	32 min	-	21.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	11
Type:	Surface
Included in Rent:	Yes

Anudeep Gosal 415-889-3314 Besen Partners

92-77 Queens Blvd Rego Park, NY 11374