Press Release brought to you by NAI Long Island & NAI Queens

Brian Sarath of NAI Queens Brokers Sale of 9,400 SF Retail Conversion in St. Albans, Queens


MELVILLE, NY – May 21, 2019: Brian Sarath, Senior Director of NAI Queens, represented the seller and the buyer, in the sale of a 9,400 square foot commercial building located at 205-16 Linden Boulevard in Saint Albans, Queens. The property sold for $2,100,000. “This property represented a value-add retail conversion opportunity with all existing tenants on month-to-month leases. The buyer plans to reposition the property as a multi-story retail building with parking on a major Southern Queens corridor,” Sarath said.

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About NAI Queens

Founded in 1980, NAI Queens has long been acknowledged in the industry as a Commercial Real Estate firm of integrity and excellence. Our professionals have in-depth knowledge and experience with a proven ability to negotiate successful transactions. Our expertise is enhanced by a skilled administrative staff, utilizing tried-and-true management systems alongside a state-of-the-art market database that keeps us at the top of our game.

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About NAI Global

NAI Global is the single largest, most powerful global network of owner-operated commercial real estate brokerage firms. NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. NAI Global Member firms, leaders in their local markets, are actively managed to work in unison and provide clients with exceptional solutions to their commercial real estate needs. Founded in 1978, today NAI Global has more than 400 offices strategically located throughout North America, Latin America, Europe and Asia Pacific, with over 7,000 local market professionals, managing over 380 million square feet of property. Supported by the central resources of the NAI Global network, Member firms deliver market-leading services locally and combine their in-market strengths to form a powerful bond of insights and execution for clients with multi-market challenges

NAI Global was acquired in 2012 by C-III Capital Partners, a leading commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management, CDO management, principal investment, online capital markets, title services and multifamily property management. C-III’s principal place of business is located in Irving, TX, with additional offices in New York, NY, Greenville, SC and Nashville, TN.

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05/21/2019 - 12:30


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