NEW YORK, NY June 18, 2018 — Cushman & Wakefield today announced that the firm has been retained on an exclusive basis to arrange the sale of a single-story retail and office building located at 77-17 Queens Boulevard in Elmhurst. The asking price is $4,700,000.
A team led by Senior Managing Director Stephen R. Preuss, Associate Director Denise Prevete, Senior Associate Kevin Louie and Associate Andreas Efthymiou, will represent the seller in all marketing efforts.
“This section of Elmhurst is growing rapidly and experiencing a great volume of people due to the high-traffic on Queens Boulevard and various train stations,” said Stephen R. Preuss of Cushman & Wakefield.
77-17 Queens Boulevard is a, 9,572 square-foot retail and commercial building with small mezzanine office, which will be delivered vacant. The property is situated in an M1-1 zoning district and has an as of right development potential of 9,572 SF for retail/commercial/industrial use and 22,972 SF for a community use facility.
Situated on the north side of Queens Boulevard between Albion and 47th Avenue, the building is formerly a club destination that hosted billiards, bowling and dancing. The property is ideally located just within half a mile to the Elmhurst Ave E, M, R train station and five miles from Midtown Manhattan.
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.