NEW YORK, NY October 8, 2018 — Cushman & Wakefield today announced that the brokerage firm has been retained on an exclusive basis to arrange the sale of five properties; three located in Queens and two on Long Island. The properties range in price from $1.79 million to $5 million.
A team led by Senior Managing Director Stephen R. Preuss will represent the sellers in all marketing efforts.
“These five listings offer excellent and diverse opportunities for investors to obtain properties in popular neighborhoods,” said Stephen R. Preuss of Cushman & Wakefield. “Each property benefits from exceptional visibility with significant frontage and is set along highly trafficked corridors near major transportation assets.”
560-570 Peninsula Boulevard in Cedarhust, Long Island is a development site with up to 22,884 buildable square-feet. The property is an assemblage of six adjacent tax lots and is currently improved by two commercial buildings. This is a prime location with a high average daily traffic count of over 28,000 cars. Located five miles away on Peninsula Boulevard is the Q111 MTA bus providing easy access to Queens and JFK International Airport. The asking price is $5 million.
240 Fort Salonga Road, located in Northpoint, Long Island, is a 1.44-acre lot currently occupied by Southdown Marketplace, a gourmet supermarket leased through 2042 on a ‘NNN’ basis. Within the 62,726 square-foot lot is an on-site parking lot. 240 Fort Salonga Road is a main thoroughfare on the North Shore of Suffolk County with over 15,000 in average daily traffic. Northport is home to multiple shopping centers and its Main Street Shopping District is home to waterfront dining, boutique shopping and Victorian style homes. The asking price is $3.2 million.
57-45 Myrtle Avenue is a three-story commercial building in Ridgewood, Queens. It will be delivered vacant and is currently owner-occupied, operating as a pet store. The first floor is built out as a storefront and the second and third floors were previously used for retail and storage purposes. 57-45 Myrtle Avenue is ideal for an owner/user looking to occupy the first floor or entire building for retail and office use. This location is a high foot-trafficked area and over 12,000 cars pass daily. The Q55 MTA bus line is located right outside the building and just a few blocks away is the Myrtle-Wyckoff M & L subway station. The asking price is $1.9 million.
201-03 Northern Boulevard in Bayside, Queens, is a two-story commercial building currently occupied as a dental office on the first floor and an architect’s office on the second floor. The building is approximately 1,800 square-feet on two-stories and sits on a lot of approximately 1,147 square feet. The first-floor dental office consists of three exam rooms, office, reception area and will be delivered vacant. The property is in a high-traffic area with an average daily traffic count over 36,000. The second floor, occupied by an architect’s office, is leased through 2022. The building is located five blocks east from the Clearview Expressway, while the Auburndale and Bayside Long Island Railroad train stations are both within one mile of the property. The asking price is $1.79 million.
7134 Austin Street is a two-story fully-leased retail and office building located in Forest Hills, Queens. It is approximately 3,136 square-feet and sits on a lot of approximately 1,600 square-feet. The first floor is leased to a restaurant, Tamashi Red, which has additional locations in Astoria and Long Island City, and the second-floor office space is leased to an executive recruiter. The property is situated in a highly-sought after location for retail due to Austin Street’s high foot traffic and abundance of national retailers. The property is easily accessible via the E, F, M and R subway trains, as well as via the LIRR. The asking price is $4.1 million.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) 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, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.