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39-05 29th St
Long Island City, NY 11101 LIC

Price Upon Request

Hotel For Sale • 63,839 SF

Property Details

Property Type Hotel
Total Building Size 63,839 SF
Lot Size 0.29 AC
Building Class B
Year Built 2007
Tenancy Single
Zoning M1-3; R5D

100 Transit Score

94 Walk Score

                
                    Highlights
                
                                Ownership has invested nearly $5M in the last year to bring the property to working order, reducing immediate capital investment needs for a buyer.
                            
                                Current ownership plans to reopen the hotel as an independent, non-branded property in 2025, having already passed key inspections.
                            
                                The Industrial & Commercial Abatement Program (ICAP) offers substantial savings, significantly reducing property taxes over the holding period.
                            
                                As a non-unionized hotel, greater operational flexibility and potential cost savings are notable opportunities.
                            
                                Hilton brand representatives have expressed strong interest in an affiliation with possibilities of either Hampton by Hilton or Tru by Hilton brand. 
                            
                                Situated minutes from Midtown Manhattan, the property is near one of the world’s most robust corporate and tourism markets, driving consistent demand.

Amenities

Business Center
Fitness Center
Restaurant
On-Site Bar
Meeting Event Space
Public Access Wifi

Public Transportation

Commuter Rail	Drive	Walk	Distance
Hunterspoint Avenue Station (Hempstead Branch - Long Island Rail Road, Oyster Bay Branch - Long Island Rail Road)	4 min	-	1.4 mi
Long Island City Station (Hempstead Branch - Long Island Rail Road)	5 min	-	1.8 mi
Transit/Subway	Drive	Walk	Distance
39 Avenue (N - New York MTA Subway (The Subway), Q - New York MTA Subway (The Subway))	1 min	3 min	0.1 mi
Queens Plaza (E - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway), R - New York MTA Subway (The Subway))	2 min	8 min	0.4 mi
36 Street (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))	2 min	8 min	0.4 mi
36 Avenue (N - New York MTA Subway (The Subway), Q - New York MTA Subway (The Subway))	2 min	8 min	0.4 mi
Queensboro Plaza (7 - New York MTA Subway (The Subway), N - New York MTA Subway (The Subway), Q - New York MTA Subway (The Subway))	8 min	10 min	0.5 mi
Airport	Drive	Walk	Distance
LaGuardia	10 min	-	4.4 mi
John F Kennedy International	22 min	-	15.0 mi
Newark Liberty International	35 min	-	19.1 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	17
Type:	Surface
Included in Rent:	Yes

Josh Williams 843-324-5301 HVS

39-05 29th St Long Island City, NY 11101 LIC