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

Massey Knakal Sells Commercial Building In Little Neck

05/14/2013

A commercial building at 47-33 Little Neck Parkway, located between West End Drive and Iowa Roadin the Little Neck neighborhood of Queens, was sold in an all-cash transaction valued at $1,200,000.

The one-story building, containing approximately 3,500 square feet on a 65’ x 92’ irregular lot, is net-leased to an auto service center.  The sale price equates to approximately $343 per square foot.

This property features long-standing tenancy with future development potential.  It is centrally located between Northern Boulevard and the Long Island Expressway.

“With a combination of the lack of industrial property in the area and this desirable Little Neck location, we were able to achieve full asking price,” said Massey Knakal Director of Sales 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

05/14/2013 - 19:55

Source

Cushman & Wakefield Capital Markets Group New York

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