NEW YORK, NY, July 9, 2018 — Cushman & Wakefield today announced that the brokerage firm has been retained on an exclusive basis to arrange the sale of four Queens properties, including residential, commercial and industrial listings. The properties range in price from $5 million and $29 million.
A team led by Senior Managing Director Stephen R. Preuss will represent the sellers in all marketing efforts.
“Future buyers will benefit from the high-quality, accessibility and potential of each of these properties,” said Stephen R. Preuss of Cushman & Wakefield. “These offerings provide an exceptional opportunity to acquire property in these highly sought-after areas throughout Queens.”
The individual properties include 44-61 11th Street in Long Island City, an 18,500 square-foot retail and office encompassing the entire block front on the east side of 11th Street. The three-story building is fully-leased and consists of four separate tenants. The property also features future development potential as it allows up to 32,000 buildable square feet as of right for residential development. The asking price is $12 million.
Additionally, the team is marketing The Nemo Jamaica Assemblage at 177-02/06 Jamaica Avenue. The property contains an existing single-story block-through warehouse of approximately 15,790 square feet and a three-story mixed-use building of approximately 2,649 square feet. The gross square footage of the two buildings is approximately 18,430–square-foot. The residential units are currently occupied on a month-to-month basis. The warehouse portion and retail will be delivered vacant and poses an ideal opportunity for an industrial owner/user. The asking price is $5 million.
The properties also include 84-02 Roosevelt Avenue in Jackson Heights, a 16,348 square-foot block- through single-story plus legal lower level retail building. It is located on the south side of Roosevelt Avenue between Baxter Avenue and Forley Street. The approximate 8,731 square-foot lot is located within an R6/C1-3 zoning district, which allows for an as of right maximum mixed-use development potential of approximate 50,757 square-foot. Roosevelt Avenue in Jackson Heights is a well-trafficked commercial corridor filled with international culinary hotspots and a thriving nightlife. It’s also one the most ethnically diverse neighborhoods in NY. The asking price is $9.9 million.
Finally, the team is marketing a package of condo building development sites and bulk residential condo package at 148-36 89th Avenue, 87-26 175th Street and 172-18 Jamaica Avenue in Downtown Jamaica.
The property at 172-18 Jamaica Avenue is a six-story 21-unit elevator mixed-use condo building, currently under construction and will be delivered finished with a certificate of occupancy in place. The building will consist of 20 residential units, one commercial unit, on-site parking, and full cellar. The asking price is $11 million. 148-36 89th Avenue is a development site currently under construction to be an eight-story 27-unit elevator residential condo building, which will also be delivered finishd with a certificate of occupancy in place. The building will consist of 27 residential units, on-site parking, and full cellar. The asking price is $13 million. Lastly, the Aftab Skyview condo package consists of twelve two-bedroom, two-bath condominiums. Eleven of the twelve units are currently leases. The gross square footage is 11,328, an average of 995 square feet per condo. The asking price is $5 million.
Each property is accessible via multiple nearby MTA transportation options.
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.