Cushman & Wakefield has been retained on an exclusive basis to arrange the sale of a corner retail strip portfolio in South Queens. The total asking price for the five properties is $13.2 million, although the buildings are also available separately.
A team led by Stephen R. Preuss, Denise Prevete, Kevin Louie and Andreas Efthymiou will represent the undisclosed sellers in all marketing efforts. “Each unit benefits from exceptional visibility with significant frontage, and is along highly-trafficked corridors near major transportation assets,” said Preuss.
Included in the portfolio are 146-92 Guy R. Brewer Blvd.; 1326-1342 Beach Channel Dr. (pictured); 222-16 Merrick Blvd.; 18930-18934 Linden Blvd.; and 21787-21795 Hempstead Ave. The average cap rate is 6.2%, and the price per square foot is $509.
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).
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