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

Brian Sarath of NAI Queens Brokers Sale of Development Site in Downtown Jamaica, Queens


MELVILLE, NY – May 21, 2019: Brian Sarath, Senior Director of NAI Queens, represented the seller and the buyer in the sale of a development site located at 143-02 Jamaica Avenue for $1,525,000. The property consisted of a 5,213 square foot lot footprint with up to 15,640 buildable square feet. “We received 25 offers in two weeks, and were happy to achieve a sales price of $100 per buildable square foot. With all the competition for this highly desirable property, the buyer closed the transaction in one week, which shows the strength of the Downtown Jamaica market,” says Sarath.

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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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