Location : Hotel in Queens, New York ( New )

Price : $ 27,000,000.00

Style :4 Star Hotel VERVE

Yearbuilt :

Lot Size : 100 x100 feet.

Tax :$18,000/year

Common Charge :

Heat :HVAC

Cool : HVAC

Bedroom : 87

Bathrooms :

Garage : Parking 28 cars

School District :

First Floor : Large Lobby,  2 elevators.  Breakfast Rm 800 sf.  1500 sf  Deck with chairs/parasols.   *Cellar :Play Rm, Big meeting Rm. Fitness/Steam Rm. Sub cellar: parking      REVENUE : $ 2,700,000   Operating expenses : Property tax                      18,000 Insurance                           22,000 Advertisement                    11,000 Cleaning/garbage                 5,000 Pest control                         1,200 TV cable                            10,000 Linen & Laundry                  40,000 License fee                           1,000 Maintenance                         5,000 Utility(gas, elec & water)      75,000 Telephone                            4,000 Wage ( 10 workers )          230,000 Wage tax                           25,300 Credit card charge              32,400 Breakfast                           70,000 TOTAL operating EXPENSES: $549,900   NET operating INCOME : $2,150,100

Remarks : 5 min to Manhattan, Near Queens plaza Subway station(Subway lines 7,E,G,N,R,V & W) & buses, Very convenient Location. Hotel is approved for 15 yrs Tax-abatement. Built with quality Materials, granites and marbles. 10 feet high ceilings. Very spacious hotel. 22 Double suites and 65 Regular Rooms. Rate : $159-$350. Average occupancy: 75%. Call Joann Lee for confidential information.

Exclusive Listing Broker: Joann Lee 516 984-3433, 718 353-1111 E-mail JoannLee@GoodChoiceNY.com