Pan American Hotel Assemblage, Elmhurst, NY 11373

Elmhurst, Elmhurst, New York 11373-3747

Please call for more information.

Listing ID Number

20811

Property Description

The assemblage consists of a seven story, approx. 86,500 Sq. Ft., 216 room hotel building with ground floor retail and amenity space plus garage buildings totaling approx. 10,450 Sq. Ft. situated on seven contiguous lots totaling approx. 77,125 Sq. Ft. This assemblage is located on the entire blockfront on the south side of Queens Boulevard between 51st Avenue and Hillyer Street in Elmhurst, Queens. The assemblage encompasses almost an entire city block and enjoys tremendous exposure with approx. 560 Ft. of frontage on Queens Boulevard, 546 Ft. of frontage on 51st Avenue and 175 Ft. of frontage on Hillyer Street. Queens Boulevard is the largest major thoroughfare in Queens that runs from Jamaica all the way to the 59th Street Bridge, which connects the Borough to Manhattan. It provides easy access to the Long Island Expressway, Brooklyn Queens Expressway, Van Wyck Expressway and the Grand Central Parkway. The assemblage is located just 15 minutes to Manhattan, LaGuardia Airport and John F. Kennedy Airport. Additionally, the property benefits from its’ location within blocks of the M and R subway lines at the Grand Ave Newtown and Elmhurst Ave subway stations. The entire assemblage is situated in a C4-2 zoning district, which allows for an “as of right” development potential of approx. 262,225 Sq. Ft., of which approx. 165,275 Sq. Ft. is available for future development. Please contact us for additional marketing materials and due diligence information. All property tours must be made by appointment only.

Overview

Building Type:Commercial Buildings, Development/Conversion Sites, Special Use

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

Thomas A. Donovan
Partner
(718) 275-3400 x 2626
tdonovan@masseyknakal.com

Tommy C. Lin
Director of Sales
(718) 275-3400 x 2609
tlin@masseyknakal.com

Eugene Kim
Director of Sales
(718) 275-3400 x 2618
ekim@masseyknakal.com


Property Images

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Property Map


Aerial View


Tax Map

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The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.