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

Massey Knakal Retained Exclusively To Sell Retail Strip Located In Bayside

10/11/2012

Massey Knakal Realty Services has been retained on an exclusive basis to sell a retail strip property at 43-19-23 Bell Boulevard. The property is located between Northern Boulevard and 43rd Avenue in Bayside, Queens. The asking price is $6,200,000.

The property, a block-through retail strip with development potential, is approximately 13,000 square feet and sits on a 75’ x 221’ lot.  It contains a second floor office, valuable air rights, and 75 feet of frontage on Bell Boulevard.  The property also has 22,400 buildable square feet.

The first floor contains retail units and storage space totaling approximately 11,000 square feet. There is a 2,000 square foot office space on the second floor. Approximately 8,400 square feet of the retail portion is currently leased to three storefront tenants and 4,700 square feet which includes the office and storage space is occupied by the owner and will be delivered vacant upon closing.  The three tenants include a furniture store (6,000 square feet), 99 cents store (1,700 square feet), and a bakery (700 square feet).

Nearby retailers include CVS, Party City, Subway, Starbuck’s, and Bank of America.  This property presents a rare opportunity to own an asset on one of the most desirable retail corridors in all of Queens.

For more information on this listing, contact Massey Knakal First Vice President of Sales Stephen R. Preuss 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

10/11/2012 - 10:15

Source

Cushman & Wakefield Capital Markets Group New York

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