New York City · Commercial sale
PH Lga Hotel buys 104-04 Ditmars Boulevard in Queens for $72 million
A hotel at 104-04 Ditmars Boulevard, Queens sold for $72,000,000 on September 10, 2026. See the seller and buyer net sheets for this sale.
What would your home net? Get a free New York City seller net sheet Agents: send a branded net sheet like this to your seller, free
- Sale price
- $72,000,000
- Sold
- September 10, 2026
- Property type
- Hotel
- Building area
- 354,254 sq ft
- Price per sq ft
- $203
- Year built
- 1988
The hotel sold for $72,000,000, 65% above its recorded market value. The sale took place on September 10, 2026, according to the New York City Department of Finance's ACRIS property records.
The record lists Laguardia Associates, L.P. as the seller and PH Lga Hotel LLC as the buyer. The property is at 104-04 Ditmars Boulevard in Queens.
The NYC Department of Finance's records show 354,254 square feet of building area, a build year of 1988 and a 5.15-acre lot. The price works out to $203 per square foot. The market value on record is $43,580,000.
This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.
What were the closing costs in New York City?
By our estimate, the seller's two largest charges, not counting prorations, were $1,890,000 for the nYC real property transfer tax (commercial/other) and $288,000 for the nY State real estate transfer tax. Who pays what follows New York City custom.
How much did the seller net?
By our estimate, the seller netted about $70,593,830. That is before any broker commissions and any loan payoff.
How much cash did the buyer bring to closing?
A cash buyer would need about $73,164,222 at closing. That covers the full price and closing costs.
Source: NYC Department of Finance, ACRIS (NYC Open Data), document 2026093000475001. Property details: NYC Department of Finance. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
