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CushWake Hired for Sale of Western Queens Parcels

Cushman & Wakefield has been retained on an exclusive basis to arrange the sale of two adjacent development sites located in the Elmhurst section of western Queens. A Cushman & Wakefield team of Vice Chairman Thomas A. Donovan and directors Tommy Lin, Eugene Kim and Robert Rappa will be leading the marketing efforts on behalf of the sellers, who were not identified.

Asking price for the first site, located at 83-02 Queens Blvd., and 51-11 Goldsmith St., is $7.5 million. The second site, located 83-06 Queens Blvd., has a $3-million asking price.

“Situated near popular shopping centers, public transportation and a major expressway, and amongst significant existing and upcoming residential buildings, these properties present a fantastic assemblage prospect for any developer,” said Donovan. Both properties experience daily traffic counts of approximately 50,000.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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).

  • ◦Sale/Acquisition
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