38-61 12th Street
Description
Prime investment opportunity in the heart of Long Island City! 38-59 to 38-61 12th Street presents a rare chance to acquire a fully operating hospitality asset featuring 152 guest rooms in one of New York City’s fastest-growing commercial corridors. Strategically positioned near major transportation, Midtown Manhattan access, and the thriving LIC waterfront district, this property benefits from strong visibility and consistent demand...A Commercial Hospitality/Hotel Building for Sale in Long Island City.
Prime investment opportunity in the heart of Long Island City! 38-59 to 38-61 12th Street presents a rare chance to acquire a fully operating hospitality asset featuring 152 guest rooms in one of New York City’s fastest-growing commercial corridors. Strategically positioned near major transportation, Midtown Manhattan access, and the thriving LIC waterfront district, this property benefits from strong visibility and consistent demand from both business and leisure travelers.
The property is currently subject to a 3-year lease, providing immediate income stability and operational continuity for investors seeking a turnkey commercial asset. The building offers substantial scale, excellent accessibility, and strong long-term upside potential in a rapidly evolving neighborhood surrounded by new developments, office hubs, residential towers, and dining destinations.
Ideal for investors, hospitality operators, or portfolio expansion, this offering combines dependable cash flow with future appreciation potential in one of Queens’ most dynamic submarkets. Conveniently located near multiple subway lines, major highways, and LaGuardia Airport and JFK Airport, this is a unique opportunity to secure a significant hospitality property in Long Island City.
For more information on this investment property, please contact the listing agent.
Property Details for 38-61 12th Street
| Status | Active |
|---|---|
| Days on Market | 5 |
| Taxes | - |
| Maintenance | - |
| Min. Down Pymt | - |
| Total Rooms | 152.0 |
| Property Type | Other |
| MLS Type | - |
| Year Built | - |
| Lot Size | - |
| County | Queens County |
| Buyer's Agent Compensation | 1% |
Location
Listing Courtesy of: .
Payment Calculator
$174,409 per month
30 year fixed, 6.36% Interest
$174,409
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1Property History for 38-61 12th Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| May 29, 2026 | Listed (Active) Manual | $35,000,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 05/29/2026 | Listed (Active) Manual | $35,000,000 |
For completeness, we often displays two records for one sale: the MLS record and the public record.
Schools near 38-61 12th Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 8 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
P.S. 111 Jacob Blackwell PublicPK to 8 | ||
Is 204 Oliver W Holmes Public6 to 8 | ||
Long Island City High School Public9 to 12 | ||
Atlas Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2026, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2026 The Real Estate Board of New York, Inc., All rights reserved.