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215-34 Northern Blvd
Bayside, NY 11361
Asking Price
$25.00M
Asset Type
Motel Hospitality
Class
Class B
What's Special
PRIME HOSPITALITY & DEVELOPMENT OPPORTUNITY IN BAYSIDE, QUEENS <ul><li><strong style="color: rgba(31, 31, 31, 1)">Strategic Location:</strong><span style="color: rgba(31, 31, 31, 1)"> Situated on a prominent corner lot in the heart of Bayside, Queens, offering excellent visibility and a highly desirable location.</span></li><li><strong style="color: rgba(31, 31, 31, 1)">Stable Income Stream:</strong><span style="color: rgba(31, 31, 31, 1)"> Freestanding hospitality asset with fireproof construction providing stable in-place income.</span></li><li><strong
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NOI
$80,000
Cap Rate
0.32%
DSCR
0.05
Underwater
Cash-on-Cash
-18.72%
Monthly Payment
$123,686.36
Annual Cash Flow
$-1,404,236.314