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.