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CushWake Arranges MOB Sale in Far Rockaway
Cushman & Wakefield has arranged the sale of 29-15 Far Rockaway Blvd., an 8,307 square foot, single-tenant medical building in Queens’ Far Rockaway neighborhood. The final closing price was $1.4 million, or $168.50 per square foot.
Cushman & Wakefield’s Dan Abbondandolo represented the seller, The Jobel LLC. The property was purchased by the Rockaway Partners.
“Thanks to the rezoning of Downtown Far Rockaway, the asset received tremendous attention,” said Abbondandolo. “The tenant had a very short term left on their lease and was paying substantially below market, which was the primary motivation for the acquisition.” The tenant’s triple-net lease runs through Dec. 31 of this year.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
