New York, NY – January 30, 2018 – Cushman & Wakefield today announced that the real estate services firm has been retained on an exclusive basis to market a fully-leased single-unit commercial building for sale, located at 132-10-132-16 Jamaica Avenue in Richmond Hill, Queens. The asking price is $6,250,000.

Cushman & Wakefield’s Senior Managing Director Stephen R. Preuss will be leading the marketing efforts on behalf of the seller, 132-10 Jamaica Ave Realty Corp.

“This is an exceptional opportunity for an investor to acquire a fully-leased, renovated property,” said Stephen R. Preuss of Cushman & Wakefield. “Net-leased to New York City, the tenant is responsible to pay all utilities, plus the increase in tax over base year.”

The 12,360-square-foot property is currently fully-leased to The New York City School Construction Authority. Since November 2014, the tenant has occupied the space as a New York City Public School, District 28 Pre-K Center and has put approximately $5 million into building renovations. The property features 112’ of frontage and exterior land of approximately 1,000-square-feet.

Located in Richmond Hill, the building is conveniently located just west of the Van Wyck Expressway. The property is easily accessible from the E, J, and Z subway lines, in addition to multiple bus stops.

About Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm with 45,000 employees in more than 70 countries helping occupiers and investors optimize the value of their real estate. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.