New York & Tri-State + Outer | January 22, 2019

CBRE Markets 2 Parcels in Queens, 1 in Brooklyn

CBRE has been hired to market three prime development sites in Queens and Brooklyn by owner Majestic Empire Holdings. The sites in Jamaica, East Flatbush and Queens Village total nearly 70,000 square feet, with an additional 137,700 square feet of building square footage.

“Development sites of this size are a rarity in New York City,” said Mark Zussman of CBRE’s Long Island office. “The sites are all situated in areas that see large volume of vehicular and foot traffic, and provide a wide variety of commercial development opportunities from medical and office use, to retail and residential use.”

The available properties include:

• 138-41 Jamaica Ave., 24,826 square-foot lot in downtown Jamaica
• 505 Utica Ave., 19,011 square feet in East Flatbush
• 219-44 Hillside Ave. (pictured), 25,226 square feet in Queens Village

“There is no question that each of these neighborhoods has experienced an unprecedented building boom in recent years,” Zussman added.

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Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).