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

Massey Knakal Retained Exclusively To Sell Residential Development Site In Elmhurst

08/14/2014

Massey Knakal Realty Services has been retained on an exclusive basis to sell a residential development site located on the west side of 90th Street between Justice and 56th Avenues in the Elmhurst neighborhood of Queens. Ownership is requesting offers.

The site contains over 82,000 buildable square feet on a 70’ x 160’ irregular lot. It features over 350’ of wrap around frontage along 9th Street, Justice and 56th Avenues in a location directly adjacent to the Queens Place shopping center.  The property is within two blocks of the E, M, and R subway stop and in close proximity to the Long Island Expressway and the Brooklyn Queens Expressway.

"We are seeing increased demand for Queens residential as tenants and buyers alike are being priced out of Brooklyn. The commute by subway from this site to Midtown or Downtown is only a little over 30 minutes, so it is an attractive option for those who work in Manhattan," said Massey Knakal’s James Nelson, who is exclusively marketing this property with Thomas A. Donovan and Stephen P. Palmese. “The site benefits from over 350’ of frontage and buildable square footage in excess of 82,000 square feet, making this an excellent opportunity for development,” added Palmese.

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

08/14/2014 - 09:07

Source

Cushman & Wakefield Capital Markets Group New York

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