Red Roof Plus JFK Airport

Investment Highlights

• Convenient Airport Access: Prime location near JFK (3.2 miles) and LaGuardia (6.4 miles), with seamless transit via Jamaica Station (0.3 miles).
• Strong NOI: 2025 projections bring NOI at over $2.35 million.
• Newly Constructed with Certificate of Occupancy: The Hotel opened in September of 2024.
• Accessibility to Manhattan: Just 25 minutes by subway, the hotel offers an affordable stay with easy access to NYC’s attractions
• Convenient Access to Attractions: Near the King Manor Museum, Queens Zoo, New York Hall of Science, Jamaica Colosseum Mall, Citi Field, Resorts World New York City, and Flushing Meadows Corona Park.
• Close to Campus: Conveniently near York College (0.4 miles), St. John's University (2.1 miles), and Queens College, CUNY (3.4 miles).
• Nearby Healthcare: Minutes from top medical centers, including Jamaica Hospital Medical Center (1.1 miles), NYC Health + Hospitals/Queens (1.9 miles), and New York-Presbyterian Queens Hospital (5.1 miles).
• ICAP Tax Abatement: The ownership application for an ICAP Tax Abatement has been approved. This abatement offers substantial tax savings of approximately $200,000 per year for up to 25 years. Please note that the sale is contingent upon the delivery of a Final Certificate of Occupancy (C of O) and the final ICAP certification. For more information, please see the documentation in the Due Diligence folder and check the link here: Industrial and Commercial Abatement Program (ICAP) | City of New York

The Offering

Forest Park Properties Real Estate Services, in conjunction with RealINSIGHT Marketplace, is pleased to exclusively offer the fee-simple ownership interest in Red Roof Plus Jamaica (the “Property”, “Asset”, or “Hotel”), a newly constructed 86-room hotel strategically located in Jamaica, Queens near JFK Airport through an auction sale process. Situated just a short drive or Air-Train from John F. Kennedy International Airport, the Hotel offers unparalleled convenience for travelers. Additionally, its proximity to Manhattan, accessible via a quick 30-minute subway ride, makes it an attractive option for tourists and business travelers alike.

Property Tours

Property tours are available on Tuesday, April 8th and Wednesday, April 23rd by appointment only. Please reach out to Raymond Mordekhai, raymond@forestparkny.com | 516-410-9926, to schedule.