Jeffrey Zwick & Associates Acquires South Ozone Park Hotel For $79.2M

The hotel building located at 138-10 135th Avenue in South Ozone Park, Queens, was sold for $79.2 million. The transaction involved a total of 335 keys within the 233,210 square feet property, resulting in a price per square foot of $340 and a price per key of $236,418.

Summary of transation details:

• Property Type: Hotel
• Transaction Amount: $79,200,000
• Address: 138-10 135th Avenue
• Market: South Ozone Park, Queens
• Buyer: Daniel Cohen - Jeffrey Zwick & Associates
• Seller: Joel Rosen - GFI Capital Resources Group
• Keys: 335
• PPSF: $340
• PPK: $236,418

An anonymously owned entity, Crowne Partners LLC, facilitated by Jeffrey Zwick & Associates, acquired the 335-unit hotel building from GFI Capital Resources Group in this transaction.