SOLD
ASAP Holdings Acquires East Elmhurst Hotel From Rubicon Companies For $86.5M
102-05 Ditmars Boulevard @MarriottHotels
Hotel
200,700 SF
200,700 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Hotel
200,700 sqft
The asset involved in this transaction is a hotel located at 102-05 Ditmars Blvd in East Elmhurst. The property was sold on January 15, 2021. The hotel is situated close to Marriott Hotels and offers a total of 443 keys. The sale price for the hotel was $86,547,452, with a price per key of $195,366. It is worth noting that the previous sale price for the property was $33,663,600 in January 2017.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $86,547,452
- Address: 102-05 Ditmars Blvd
- Market: East Elmhurst
The buyer in this transaction was ASAP Holdings, represented by Frank Yuan and Jerome Yuan. The seller was Rubicon Companies. The deal was facilitated by brokers KC Patel, Kevin Davis, and Nikhil Chuchra from JLL.
Players
All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: Kevin Davis, Nikhil Chuchra, Frank Yuan, KC Patel, Jerome Yuan
DATE: 01/15/2021
ADDRESS: 102-05 Ditmars Blvd @MarriottHotels
MARKET: East Elmhurst
ASSET TYPE: Hotel
BUYER: ASAP Holdings - Frank Yuan & Jerome Yuan (@ASAPShow)
SELLER: Rubicon Companies
BROKERS: KC Patel, Kevin Davis & Nikhil Chuchra - JLL
PRICE: $86,547,452
KEYS: 443 ~ PPK: $195,366
LAST SALE PRICE: $33,663,600 (01/2017)View on map
Loading...
Address102-05 Ditmars Boulevard @MarriottHotels
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want