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

Massey Knakal Sells Multifamily Building In Corona

01/02/2014

A mixed-use building at 105-20 Northern Boulevard, located between 105th and 106th Streetsin the Corona neighborhood of Queens, was sold in an all-cash transaction valued at $725,000.

The three-story brick building contains approximately 4,592 square feet and sits on a 20’ x 96.5’ lot.  It consists of a ground floor retail unit, and a full floor residential unit on each of the second and third floors.  The building also benefits from a full basement and was delivered fully vacant.  The sale price equates to approximately $158 per square foot.

The property is located between 108th Street and Junction Boulevard, conveniently situated just blocks from the Grand Central Parkway and Grand Wyck Expressway.

“This emerging section of Northern Boulevard in Corona between Flushing and Jackson Heights has been gaining traction as a new area of focus for North Queens investors,” said Massey Knakal’s 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

01/02/2014 - 13:48

Source

Cushman & Wakefield Capital Markets Group New York

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