Mayfair Inn and Suites Long Island City

38-58A 12th Street, Long Island City, NY, 11101, US

Description

JLL's Hotels & Hospitality Group, as exclusive agent for the owner, is offering for sale the fee simple interest in the 50-room Mayfair Inn & Suites, a nine-story, steel-and-concrete micro-hotel built in April 2018 and strategically located on 12th Street in Long Island City, Queens, New York. While currently leased to a local hotel operator under a short-term triple-net lease—and previously leased to a not-for-profit charitable association contracted by DHS—the Property will be delivered unencumbered at closing, affording full investor flexibility. With many rooms offering sweeping views of the Manhattan skyline and East River, this represents a rare acquisition opportunity in one of New York City's highest barrier-to-entry and fastest-growing markets.

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Attributes

Number of units

Year built

2018

Building area net

1,736 m²

Land area gross

0.03 ha

Media

Investment Highlights

Immediate proximity—just steps—to multiple subway lines (F, M), allowing direct access to Manhattan in under 15 minutes.
Prime location near leading demand generators such as Citi Field, Arthur Ashe Stadium, LaGuardia Airport, Queens College, Queens Center Mall, and a vibrant dining and event scene.
Strong neighborhood performance, with trailing 12-month (T12) RevPAR of approximately $165.
Limited new hotel supply and efficient, institutional-quality design offer significant future upside.
Current Long Island City hotel comps are trading north of $250,000–$300,000 per key, positioning the offering at an attractive basis.
Unencumbered by management, with options for brand conversion, extended-stay, co-living, student housing, or alternative uses.