Bayrock Capital Acquires Hotel In South Ozone Park, Queens For $11M

The property involved in the transaction is a hotel located at 132-26 S Conduit Avenue in South Ozone Park, Queens. The sale took place on 11/02/2022. The buyer was Bayrock Capital, represented by Daniel Rabinowitz, and the seller was Hersha Hospitality Trust, represented by Ashish R. Parikh. The sale price for the property was $11,000,000, and it has a total square footage of 69,700. The price per square foot for the transaction was $158.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $11,000,000
• Date: 11/02/2022
• Address: 132-26 S Conduit Avenue
• Market: South Ozone Park, Queens
• Buyer: Bayrock Capital - Daniel Rabinowitz
• Seller: Hersha Hospitality Trust - Ashish R. Parikh
• Square Footage: 69,700
• Price per Square Foot: $158

Bayrock Capital, represented by Daniel Rabinowitz, acquired the hotel property located at 132-26 S Conduit Avenue in South Ozone Park, Queens, from Hersha Hospitality Trust, represented by Ashish R. Parikh, for a total sale price of $11,000,000. The transaction took place on 11/02/2022. The hotel has a total square footage of 69,700 and a price per square foot of $158.