Merchants Hospitality Group Acquires Z Hotel & Land Behind Hotel In Long Island City For $34M
ShareContact
This Other property located in NY was sold over 5 years ago. The brokers of the deal were Brian Groetsch Jr., Ryan Cerqueira, Steven Hornstock, John Broad, Jake Bank, Alex Warner, and Alan Cohen
View Related
- Location11-01 43rd Ave, Long Island City, NY 11101, USA
- Area31,520 SF
- Asset TypeOther
- Parties7 Brokers, 4 Agencies
Agents
Agencies
Social
Deal Summary
[embed]
IMAGE: Abraham Merchant
DATE: 08/01/2018
ADDRESS: 11-01 43rd Avenue
NAME: @ZHOTELNY
CITY: New York
MARKET: Long Island City
ASSET TYPE: Hotel & Land Behind Hotel
PRICE: $34,000,000**
UNITS: 100
SELLER: The Estate of Henry Zilberman A”H
BUYER: Merchants Hospitality Group
BROKERS: ABS - Steve Hornstock, John Broad, Alex Warner, Jake Bank, Alan Cohen, Ryan Cerqueria.
POTENTIAL PLANS: Develop 109 Units on the additional land, and reposition the garage into retail and similar uses, including galleries and a spa – or even a co-working space, Per @Lois.Weiss of the @NYpost.
Comparables
Contact
11-01 43rd Avenue
Social
Comparables
Contact
Share
Login to Suggest Edits