NEW YORK, NY – May 30, 2018 — Cushman & Wakefield today announced that the brokerage firm has been retained on an exclusive basis to arrange the sale of three apartment buildings in Astoria. The properties range in price from $4,250,000 and $8,750,000.
A team led by Vice Chairman Thomas A. Donovan, with Directors Tommy Lin, Eugene Kim and Robert Rappa will represent the sellers in all marketing efforts.
“These properties are located in the vibrant, growing neighborhood of Astoria,” said Thomas A. Donovan of Cushman & Wakefield. “33-14 28th Street and 24-56 44th Street both offer future investors tremendous upside potential, while acquiring the newly renovated 30-83 23rd Street would be an excellent opportunity for an investor with a 1031 exchange.”
The properties include 33-14 28th Street, a four-story, 6,900 square-foot walk-up apartment building. The building is comprised of nine, one-bedroom units. Five units are free-market, three are rent stabilized and one unit is rent controlled. Three of the units will be delivered vacant. The asking price is $4,250,000.
The team is also marketing 24-56 44th Street, a brick, four-story walk up apartment building totaling approximately 14,000 square-feet. The building is comprised of 24 rent stabilized apartments, 20 of which are one-bedroom and four of which are studios with large eat-in-kitchens. The asking price is $7,200,000.
Additionally, the team is marketing 30-83 23rd Street, a newly constructed, five-story, 14,104 square-foot elevator serviced luxury apartment building. The property consists of 14 one-bedroom apartments with a balcony and luxury condo finishes, seven parking spaces, a community lounge area, a fitness room and a common rooftop deck. The asking price is $8,750,000.
Each property is conveniently located near MTA subway stations offering access to the N and W lines.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, advisory and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.