16 The QUEE NS Courier • AUGUST 25, 2016 for breaking news visit www.qns.com Flushing Bank branch and a big lot on Northern Boulevard sold for big bucks By Suzanne Monteverdi [email protected]/@smont76 The site of a bank and its parking lot in Flushing has been sold for a whopping $36 million, and it could make way for redevelopment. Located at 144-51 Northern Blvd., the site includes two lots totaling 36,889 square feet. The location currently houses a branch of Flushing Bank, a second-story office space, and a private lot. Brokered by CBRE Group, the firm received over a dozen competing bids for the location. The site was sold to CW Northern LLC, a private investment group headed by Philip W. Chong. The spot has the potential to be developed into nearly 90,000 square feet of mixed-use space. A major selling point was the site’s close proximity to new office, retail and residential developments. The location is also near a web of major roadways and transit lines: the spot is easily accessible by way of the Long Island Expressway, Clearview Expressway, Cross Island and Grand Central Parkways and is within walking distance of the 7 This branch of Flushing Bank and its lot on Northern Boulevard were sold for $36 million. Train, Murray Hill LIRR stop, and three city bus stops. The sale is one of the highest persquare foot purchases paid thus far in 2016 for a Queens development. “The Bank building is in an area that is ripe for new development,”said CBRE Group Photo via Google Maps team member Elli Klapper. “In the end we were able to garner a recordbreaking sale price for this ideally located Flushing property.” Tiles Unlimited Mid-Summer Sale TAKE 30% OFF ALL Porcelain, Ceramic & Glass Tile* * Must present coupon at .me of order. May not be combined with any other offers or applied to previous purchases. 30% off applied to regular prices. Coupon not valid for BARGAINS. Coupon valid 8/1-9/30/16. Silky Marble Collection Color - Pearl BARGAINS! BARGAINS! Visit our BARGAINS* section for amazing deals, closeouts and Visit our BARGAINS* sec.on for amazing deals, closeouts and small quan.ty lots deeply discounted Unusual Wood Collection Color - Avana small quantity lots deeply discounted 72-12 88th Street Glendale, NY 11385 (718) 894-8300 TilesUnlimitedNY.com Free Indoor Parking - We also carry a full line of vanities, medicine cabinets and bathroom accessories.
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