NEW YORK, NY – May 15, 2018 — Cushman & Wakefield today announced that the firm has been retained on an exclusive basis to arrange the sale of condo unit #3G within 38-25 Main Street in Downtown Flushing. The asking price is $6,800,000.

A team led by Vice Chairman Thomas A. Donovan, with Senior Managing Director Stephen R. Preuss, Director Tommy Lin and Associate Director Kevin Louie, will represent the seller in all marketing efforts.

“This Flushing  section  of  Main  Street  is  one  of  the  highest  paying  retail  and  office  corridors  in  all  of  Queens  where  retail  rents  routinely  exceed  $150  per  square  foot  and  office  rates  can  reach  $60+  per  square  foot, “said Thomas A. Donovan of Cushman & Wakefield. “This  is  a  rare  opportunity  as  comparable  condominiums  of  this  size  are  limited.  Additionally,  condominiums  in  Downtown  Flushing  are  listed  for  an  average  of  $1,200  per  square  foot  and  above.”

The  sale  is  for  a 6,817-square-foot commercial  condominium  unit  leased  to  a  shared  workspace  company  until  2020. The unit  can  be  accessed  directly  through  the  retail  elevators  on  the  39th  Avenue  side  of  Queens  Crossing.  Existing  tenants in the building include  Paris  Baguette,  New  Mulan  Seafood  Restaurant  and  TD  Bank.

The property is easily accessible as the 7 subway  train  is  located just two  blocks  south  at  Main  Street  /  Roosevelt  Avenue along with  the  Flushing  Main  Street  LIRR  station.  Multiple  bus  lines  are  available  on  Main  Street  including  the  Q20A,  Q20B,  Q44-SBS  and  the  Q48  at  Roosevelt  Avenue.

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.