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

Massey Knakal Retained Exclusively to Sell Mixed-Use Building in Astoria

07/07/2012

Massey Knakal Realty Services has been retained on an exclusive basis to sell a mixed-use building at 14-57 Broadway. The building is located on the northwest corner of Broadway and 21st Street in Astoria, Queens. The asking price is $2,850,000.

The 5,000 square foot property consists of approximately 2,923 square feet of retail space on the ground floor, two garages, and two apartments on the second floor totaling approximately 1,600 square feet. With zoning designations of C2-3/R7A and C2-3/R7X, the property has approximately 14,500 buildable square feet, or an additional 9,500 square feet of available air rights.

 The property is uniquely situated across the street from the Broadway Shopping Center and the famous Bel Aire Diner of Astoria, and is along the same corridor as several newly constructed luxury apartment buildings. The property also sits just five blocks from the N/Q train at 31st Street and is directly in between the entrances to the Queensboro and RFK Bridges on 21st Street.

For more information on this listing, contact Massey Knakal First Vice President of Sales Al Holloman or Partner Tom Donovan or at 718.275.3400

Massey Knakal specializes in the sale of investment and user properties in the New York Metropolitan area. Since 1988, our agents have closed over 4,200 transactions having a market value in excess of $15 billion.

www.masseyknakal.com

07/07/2012 - 10:00

Source

Cushman & Wakefield Capital Markets Group New York

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