No photo available
Mar 28, 2020 — Long Island (NY) 60 Room high-grossing independent motel located on 70,000 vehicles per day main thoroughfare near JFK airport. Property size is 2.4 acres of which 1 acre is vacant land. Motel grosses $1.3 Million/year with a NOI of appx. $600,000. Zoning in place for a high-end hotel like Fairfield Marriott. Low property taxes ($63,000/year). ADR currently $131/night. High-end hotel ADR at least $299/night. Very friendly township for hotel development. JFK airport only 20 minutes away. Sale Price $6,800,000
Disclaimer: DealStream has not independently verified any of the information in this post and makes no warranty as to its accuracy or completeness.