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

Massey Knakal Retained Exclusively To Sell The Vanguard Retail Portfolio

09/08/2014

Massey Knakal Realty Services has been retained on an exclusive basis to sell the Vanguard Retail Portfolio consisting of three Queens retail properties located at 138-07/11 Queens Boulevard, 137-67/79 Queens Boulevard / 138-09 84th Drive, and 221-02/50 Horace Harding Expressway. The properties have a combined asking price of $23,100,000.

The properties are located in Briarwood and Oakland Gardens and total 28 units and approximately 44,858 square feet with additional development potential.  The portfolio poses a prime opportunity for an investor with a 1031 exchange.

221-02/50 Horace Harding Expressway, located between Springfield Boulevard and 224th Street in Oakland Gardens, contains approximately 33,698 square feet on a 500’ x 409’ irregular lot.  It consists of 18 retail units with parking and features approximately 500 feet of frontage and 53,159 square feet of air rights.  The asking price is $16,500,000. 

137-67/79 Queens Boulevard / 138-09 84th Drive, located on the corner of Queens Boulevard and 84th Drive in Briarwood, contains approximately 8,970 square feet on a 96.85’ x 100’ lot.  It consists of seven units and features approximately 99 feet of frontage and 20,895 square feet of air rights.  The asking price is $5,400,000. 

138-07/11 Queens Boulevard, located between 84th Drive and 86th Avenue in Briarwood, contains approximately 2,190 square feet on a 40’ x 100’ lot.  It consists of three units and features approximately 40 feet of frontage and 9,810 square feet of air rights.  The asking price is $1,200,000.

This portfolio is being marketed exclusively by Massey Knakal’s Thomas A. Donovan, Stephen R. Preuss and Brian Sarath.

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

09/08/2014 - 10:21

Source

Cushman & Wakefield Capital Markets Group New York

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