Irfan Hameed Acquires Hotel In Long Island City For $19 Million With Broker Anudeep Gosal

The asset involved in this transaction is a hotel located at 29-12 40th Avenue in Long Island City. The sale price for the property was $19,000,000, and it encompasses a total square footage of 27,899. The price per square foot was calculated at $681, with a total of 75 keys, resulting in a price per key of $253,333.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $19,000,000
• Address: 29-12 40th Avenue
• Market: Long Island City
• Square Footage: 27,899
• Price Per Square Foot: $681
• Keys: 75
• Price Per Key: $253,333
• Buyer: Irfan Hameed
• Seller: Andy Zu
• Broker: Anudeep Gosal - Besen Partners

The transaction was executed with Irfan Hameed as the buyer, acquiring the property from seller Andy Zu. The deal was facilitated by broker Anudeep Gosal of Besen Partners, who represents the interests of the parties involved in this transaction.