Cushman & Wakefield Tapped to Sell Four Properties in Queens

Queens, NY — Cushman & Wakefield announced today that the brokerage firm has been retained on an exclusive basis to arrange for the sale of four properties in Queens situated in the Long Island City, Glendale, Whitestone and Far Rockaway neighborhoods of the borough.

A Cushman & Wakefield team led by Stephen Preuss with Andreas Efthymiou, Kevin Louie, Kevin Schmitz and Charlie Dupont will represent the sellers in all marketing efforts.

“New developments in Queens continue to drive investor interest throughout the borough,” said Preuss. “These new properties are representative of the area’s vibrant and strong activity.”

The properties are as follows:

25-11 38th Avenue, also known as Talo 38, is a mixed-use property in Long Island City. The newly-constructed building features 32 residential units, a ground floor with commercial space and 16 below-grade parking spaces. The asking price is $23 million.

204 Beach Street is an 85,349-square-foot assemblage of lots at the corner of Seagirt Avenue and Beach 28 Street. Located within a qualified opportunity zone, the site sits in a R4A/R5 zoning area and will be delivered with approved plans for a four-story building with 51 residential units and approximately 17,728 square feet of community space. The asking price is $5.5 million.

69-01 Central Avenue is a 4,080-square-foot, three-story mixed-use building in Glendale. The fully-occupied property features three ground-floor retail units and two fully-renovated residential units. The property is ideal for an investor or owner-user, is situated on a busy corner and is within walking distance to the Shops at Atlas Park, the M train and multiple bus lines. The asking price is $1.6 million.

151-45 Sixth Road is a 206,185-square-foot residential development on the Whitestone waterfront. The site has approved plans in place for 52 single-family luxury homes and is eligible for tax credits. Per the approved plans, the average lot size ranges from 5,000 to 6,000 square feet with homes averaging 2,500 to 5,000 square feet. The blueprints for the site also include the right to 26 boat slips and over 1,000 square feet of East River frontage. The asking price is $38 million.

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.