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CushWake Brings South Queens Retail to Market
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.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition

