Press Release brought to you by Cushman & Wakefield Capital Markets Group New York

Massey Knakal Retained Exclusively To Sell Medical Office Building In Bay Terrace

09/30/2014

Massey Knakal Realty Services has been retained on an exclusive basis to sell a medical office building at 23-91 Bell Boulevard. The property is located on the corner of Bell Boulevard and 24th Avenue in the Bay Terrace neighborhood of Queens. The asking price is $9,000,000.

The three-story 12-unit building contains approximately 15,000 square feet and sits on a 189’ x 91’ irregular lot. The building is currently leased to 27 strong medical tenants, including two of the area’s largest hospitals, with minimal vacancy. It features rare on-site gated parking with valet and sits directly opposite of the main entrance to the Bay Terrace Shopping Mall, one of the busiest and largest shopping destinations in Queens and home to over 50 national credit tenants such as Applebee’s, Barnes & Noble, The Gap, and, Waldbaums. The property presents a rare investment opportunity in a prime corner location with high visibility and exposure.

The property is conveniently locates less than a mile from the Clearview Expressway, Cross Island Parkway, and Long Island Expressway, with easy access to the Throgs Neck and Whitestone Bridges. The LIRR is only minutes away and multiple bus lines service the area.

This property is being marketed exclusively by Massey Knakal’s Stephen R. Preuss.

Massey Knakal specializes in the sale of investment and user properties in the New York Metropolitan area. Since 1988, our agents have closed over 4,700 transactions having a market value in excess of $19 billion.

www.masseyknakal.com

09/30/2014 - 10:25

Source

Cushman & Wakefield Capital Markets Group New York

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