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RIPCO Brokers Sale of Urgent Care Center in Woodhaven, Queens
RIPCO Real Estate arranged the sale of investment sales property 91-07 Jamaica Ave. in Woodhaven, Queens. The $5.6-million sale equates to $1,110 per square foot.
The team of Stephen R. Preuss, Kevin Schmitz, Andreas Efthymiou and Kevin Louie arranged the sale from owner 75 Parsons Blvd LLC to buyer Rassell Realty Corp. The 5,065-square-foot property is currently under a 10-year lease by CityMD, an urgent care center.
“91-07 Jamaica Ave. meets an ongoing demand for fully leased assets with stable cash flows,” said Preuss. “The property offered the buyer a newly renovated space with a long-term credit medical tenant. We have been seeing investors gravitate towards medical tenancy as it serves the community and brings a secure income.”
- ◦Sale/Acquisition

