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

Massey Knakal Sells Commercial Building In Flushing

01/09/2014

A commercial building at 42-08 College Point Boulevard, located between Sanford and Maple Avenuesin the Flushing neighborhood of Queens, was sold in an all-cash transaction valued at $3,400,000.

The building consists of split-level floors containing approximately 4,050 square feet each, for a total of 8,100 square feet.  The upper level contains executive offices as well as open bull-pen style office space.  The lower level consists of office space as well as a work area.  The building was built in 1955 and remains in good condition.  The sale price equates to approximately $420 per square foot.

The property is ideally located in an area with high vehicular and foot traffic.  It is in close proximity to various modes of transportation including buses, subways, LIRR, and major roadways including the Van Wyck and Long Island Expressways.

“College Point Boulevard continues to be an extremely desirable corridor in the Flushing marketplace,” said Massey Knakal’s Stephen R. Preuss, who exclusively represented the seller in this transaction.

Massey Knakal specializes in the sale of investment and user properties in the New York Metropolitan area. Since 1988, our agents have closed over 4,500 transactions having a market value in excess of $17 billion.

www.masseyknakal.com

01/09/2014 - 10:30

Source

Cushman & Wakefield Capital Markets Group New York

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