NEW YORK, NY September 27, 2018 — Cushman & Wakefield today announced that the brokerage firm has been retained on an exclusive basis to arrange the sale of two properties; one located in Queens and one in Brooklyn. The properties range in price from $3.2 million to $15 million.
A team led by Senior Managing Director Stephen R. Preuss will represent the sellers in all marketing efforts.
“These listings offer an exceptional opportunity for investors to obtain easily accessible properties in two prominent, emerging neighborhoods of New York City,” said Stephen R. Preuss of Cushman & Wakefield. “Each property benefits from unique opportunities depending on the neighborhood ranging from redevelopment to value-add/repositioning.”
166-36 Jamaica Avenue in Downtown Jamaica is a 28,800 square-feet commercial building located on one of the most prime corners in the Downtown Jamaica area and within a qualified opportunity zone. The property is ideal for retail, office, hotel or residential use, and experiences a high-level of foot traffic and an average daily traffic of over 34,000 cars.
The property consists of a six-story commercial building with approximately 48’ of frontage on Jamaica Avenue and approximately 100’ of frontage on 168th Street. 166-36 Jamaica Avenue is conveniently located in walking distance to the F subway train at Hillside Avenue, as well as the E & J trains at Jamaica Center. The asking price is $15 million.
Additionally, the team is marketing 1729 Broadway in Bushwick. The property consists of two adjacent lots, each lot equaling approximately 2,000 square-feet. 1729 Broadway offers up to 12,000 buildable square feet as or right, or a maximum buildable square footage of approximately 19,200 square feet. Steps away from the property is the conveniently located Chauncey St / Broadway subway stop servicing the J & Z lines. The asking price is $3.2 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.