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

Massey Knakal Sells Development Site Assemblage In Bayside

06/24/2013

A development site assemblage at 201-04-08 Northern Boulevard, located between 201st and 202nd Streets in the Bayside neighborhood of Queens, was sold in an all-cash transaction valued at $1,820,000.

The two tax lots combine for approximately 10,080 square feet with over 88 feet of frontage on Northern Boulevard and a depth up to approximately 171 feet.  The site is currently used as an auto garage and parking lot.  It holds approximately 10,080 buildable square feet, and the sale price equates to approximately $181 per buildable square foot.

Located in the heart of Bayside, this property is surrounded by many national retailers on one of the busiest stretches of Northern Boulevard.

“The lack of quality development sites along the Northern Boulevard corridor drove a large amount of immediate interest for this opportunity,” said Massey Knakal Director of Sales Stephen R. Preuss, who exclusively handled 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

06/24/2013 - 15:10

Source

Cushman & Wakefield Capital Markets Group New York

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