Real Estate
Retail building in Sunnyside
sold for nearly $10 million
BY BROOKE SINGER
A retail building in the heart of
Sunnyside has been sold for nearly
$10 million.
Cushman & Wakefield announced
on May 18 that it closed on the $9.9
million sale of 43-10/24 Queens
Blvd., an 8,521 square foot, single
story retail building.
Located on the southwest corner
of Queens Boulevard and 44th
Street, the building, which offers
approximately 43,700 square feet
for prime mixed-use development,
features 95 feet of retail frontage
comprised of eight retail tenants
including stores ranging from Dave’s
Bagels to Amazon Pharmacy.
“The buyer acquired an exceptional
opportunity to benefit
from existing cash flow along
with the potential for future development,”
said Tom Donovan,
vice chairman of Cushman &
Wakefield. “They recognized that
Sunnyside is a great investment
as the success of Long Island
City has been spilling over into
the neighborhood.”
The building is situated within
a dense residential area, and is
ideally located just blocks from
the 46th Street 7 subway station,
which is only a 20 minute trip to
Grand Central Terminal, and just
four miles from the east side of
Manhattan.
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