New York, NY – August 19, 2019 – Cushman & Wakefield announced today that the real estate services firm has been retained on an exclusive basis to market for sale 138-23 Queens Boulevard, a 29,784-square-foot lot located in the Briarwood neighborhood of Queens. Ownership is currently seeking investors for this opportunity.
A Cushman & Wakefield team consisting of Stephen R. Preuss and Kevin Schmitz will be leading the marketing efforts on behalf of the property’s seller.
“138-23 Queens Boulevard provides a rare opportunity to acquire a mixed-use development site in Queens,” said Stephen R. Preuss of Cushman & Wakefield. “Its proximity to public transportation combined with additional tax incentives offers a unique opportunity in the region.”
138-23 Queens Boulevard is a 29,784-square-foot lot featuring 225 square feet of frontage on Queens Boulevard. The property is improved by a 18,925-square-foot single story retail building which is currently occupied by Key Food, Crystal Palace and Crystal Food Take Out. All leases on the property will expire in the first quarter of 2021.The property is zoned R6A, C1-4 and includes 89,352 buildable-square-feet, offering a bonus of up to 20,000 square feet for a qualifying FRESH store.
The property is conveniently located steps away from the Briarwood subway station with access to the E and F trains, offering access to Manhattan within twenty minutes.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 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.