38-61 12th Street " A Commercial Hospitality/Hotel Building for Sale in Long Island City. Prime investment opportunity in the heart of Long Island City! 38-59 to 38-61 12th Street presents a rare chance to acquire a fully operating hospitality asset featuring 152 guest rooms in one of New York City s fastest-growing commercial corridors. Strategically positioned near major transportation, Midtown Manhattan access, and the thriving LIC waterfront district, this property benefits from strong visibility and consistent demand from both business and leisure travelers. The property is currently subject to a 3-year lease, providing immediate income stability and operational continuity for investors seeking a turnkey commercial asset. The building offers substantial scale, excellent accessibility, and strong long-term upside potential in a rapidly evolving neighborhood surrounded by new developments, office hubs, residential towers, and dining destinations. Ideal for investors, hospitality operators, or portfolio expansion, this offering combines dependable cash flow with future appreciation potential in one of Queens most dynamic submarkets. Conveniently located near multiple subway lines, major highways, and LaGuardia Airport and JFK Airport, this is a unique opportunity to secure a significant hospitality property in Long Island City. For more information on this investment property, please contact the listing agent."