Mayfair Suites Hotel Leases 21,657 SF Hotel Space At 38-58 12th Street In Long Island City
LEASED
$55
New York
See Similar DealsHotel21,657 SF
Leased 04/15/2025
LEASED
Mayfair Suites Hotel Leases 21,657 SF Hotel Space At 38-58 12th Street In Long Island City
38 58 12th Street
See Similar DealsHotel21,657 SF
Leased 04/15/2025
Summary
NEW YORK
Asset Type:Hotel
Price Per Square Foot:$55
Total Square Footage:21,657 SF
Transaction Type:Lease
The property involved in this transaction is a hotel located at 38-58 12th Street in Long Island City, featuring a total square footage of 21,657. The asset was leased with an asking rent of $55 per square foot under a NNN lease structure.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $55/ft
- Square Footage: 21,657
- Address: 38-58 12th Street
- Market: Long Island City
- Tenant: Mayfair Suites Hotel
- Broker: Jeff Geoghegan - KSR
Jeff Geoghegan represented KSR in this lease transaction, actively working with multiple hotel operators seeking NNN lease opportunities and acquisition prospects for hotel properties across the nation. The broker encourages principals or brokers with qualified opportunities to make direct contact.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,365,502.79
Total Lease Value
$13,655,027.88
Net Landlord Cash Flow$1,365,502.79
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