3841-3843 12th street long island city, ny - Agorafy
3841-3843 12TH STREET LONG ISLAND CITY, NY FOR SALE
Hotel Development Site with Approved Plans 72 Room Planned Hotel
PROPERTY FEATURES The subject property is a vacant lot with approved hotel plans in Long Island City, Queens. It is located mid-block on 12th Street between 38th Avenue and 40th Avenue in the neighborhood of “Dutch Kills.” This neighborhood is one of the most appealing for hotel developers, and attractive for guests, in the burgeoning Long Island City hotel market. The location offers close proximity to the subway providing easy access to Manhattan as well as a growing number of local amenities. Long Island City is one of the fastest growing hotel markets in metro NY, with more than 20 new hotels opened, or currently in the pipeline, over the last five years. A FULL OFFERING MEMORANDUM IS AVAILABLE UPON REQUEST.
BUILDING FEATURES ADDRESS RANGE
38-41 12th Street 38-43 12th Street
LOCATION
The property is located on 12h Street between 38th Avenue and 40th Avenue
BLOCK / LOTS
472/642,643
LOT DIMENSIONS
51.5’ x 100.17’
ZONING
M1-3
RESIDENTIAL FAR:
5.0
LOT S.F.:
5,160
TOTAL BUILDABLE S.F.:
25,800
AVAILABLE AIR RIGHTS:
24,400
ASSESSMENT (15/16):
$708,166
TAXES (15/16):
$8,139
ASKING PRICE
$3,900,000/$54,000 Per Key For Financing Please Contact Vittas Borozin at (718) 512 2109 [email protected] FOR MORE INFORMATION, PLEASE CONTACT: David Chkheidze Director (718) 512 2620 [email protected]
Conrad Martin Senior Associate (718) 512 2526 [email protected]
Ilya Tolmasov Senior Associate (718) 275 3400 [email protected]
CUSHMAN & WAKEFIELD 118-35 Queens Boulevard Queens, NY, 11375 nyinvestmentsales.com
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions, imposed by our client. The depiction in the above photography of any person, entity, sign, logo or property (other than Cushman & Wakefield’s client and the Property offered by Cushman & Wakefield) is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and Cushman & Wakefield or its client.
3841-3843 12TH STREET
Neighboring <XXX> SF AVAILABLE Hotels (3 LINES MAXIMUM)
Hotel Development Site for Sale
Courtesy of Long Island City Partnership
FOR MORE INFORMATION, PLEASE CONTACT: David Chkheidze Director (718) 512 2620 [email protected]
Conrad Martin Senior Associate (718) 512 2526 [email protected]
Ilya Tolmasov Senior Associate (718) 275 3400 [email protected]
CUSHMAN & WAKEFIELD 118-35 Queens Boulevard Queens, NY, 11375 nyinvestmentsales.com
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions, imposed by our client. The depiction in the above photography of any person, entity, sign, logo or property (other than Cushman & Wakefield’s client and the Property offered by Cushman & Wakefield) is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and Cushman & Wakefield or its client.
Hotel Development Site with Approved Plans 72 Room Planned Hotel
PROPERTY FEATURES The subject property is a vacant lot with approved hotel plans in Long Island City, Queens. It is located mid-block on 12th Street between 38th Avenue and 40th Avenue in the neighborhood of “Dutch Kills.” This neighborhood is one of the most appealing for hotel developers, and attractive for guests, in the burgeoning Long Island City hotel market. The location offers close proximity to the subway providing easy access to Manhattan as well as a growing number of local amenities. Long Island City is one of the fastest growing hotel markets in metro NY, with more than 20 new hotels opened, or currently in the pipeline, over the last five years. A FULL OFFERING MEMORANDUM IS AVAILABLE UPON REQUEST.
BUILDING FEATURES ADDRESS RANGE
38-41 12th Street 38-43 12th Street
LOCATION
The property is located on 12h Street between 38th Avenue and 40th Avenue
BLOCK / LOTS
472/642,643
LOT DIMENSIONS
51.5’ x 100.17’
ZONING
M1-3
RESIDENTIAL FAR:
5.0
LOT S.F.:
5,160
TOTAL BUILDABLE S.F.:
25,800
AVAILABLE AIR RIGHTS:
24,400
ASSESSMENT (15/16):
$708,166
TAXES (15/16):
$8,139
ASKING PRICE
$3,900,000/$54,000 Per Key For Financing Please Contact Vittas Borozin at (718) 512 2109 [email protected] FOR MORE INFORMATION, PLEASE CONTACT: David Chkheidze Director (718) 512 2620 [email protected]
Conrad Martin Senior Associate (718) 512 2526 [email protected]
Ilya Tolmasov Senior Associate (718) 275 3400 [email protected]
CUSHMAN & WAKEFIELD 118-35 Queens Boulevard Queens, NY, 11375 nyinvestmentsales.com
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions, imposed by our client. The depiction in the above photography of any person, entity, sign, logo or property (other than Cushman & Wakefield’s client and the Property offered by Cushman & Wakefield) is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and Cushman & Wakefield or its client.
3841-3843 12TH STREET
Neighboring <XXX> SF AVAILABLE Hotels (3 LINES MAXIMUM)
Hotel Development Site for Sale
Courtesy of Long Island City Partnership
FOR MORE INFORMATION, PLEASE CONTACT: David Chkheidze Director (718) 512 2620 [email protected]
Conrad Martin Senior Associate (718) 512 2526 [email protected]
Ilya Tolmasov Senior Associate (718) 275 3400 [email protected]
CUSHMAN & WAKEFIELD 118-35 Queens Boulevard Queens, NY, 11375 nyinvestmentsales.com
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions, imposed by our client. The depiction in the above photography of any person, entity, sign, logo or property (other than Cushman & Wakefield’s client and the Property offered by Cushman & Wakefield) is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and Cushman & Wakefield or its client.
