August 20, 2019
Cushman & Wakefield has been retained to market for sale 138-23 Queens Blvd., a 29,784-square-foot lot in Queens’ Briarwood neighborhood. Ownership is currently seeking investors for this opportunity.
A Cushman & Wakefield team consisting of Stephen R. Preuss and Kevin Schmitz will lead the marketing efforts on behalf of the property’s seller.
“138-23 Queens Blvd. provides a rare opportunity to acquire a mixed-use development site in Queens,” said Preuss. “Its proximity to public transportation, combined with additional tax incentives, offers a unique opportunity in the region.”
With 225 square feet of frontage on Queens Boulevard, 138-23 Queens Blvd. is improved by an 18,925-square-foot retail building currently occupied by Key Food, Crystal Palace and Crystal Food Take Out. All leases on the property will expire in the first quarter of 2021.
The property includes 89,352 buildable square feet, with the option of a 20,000-square-foot bonus.
For comments, questions or concerns, please contact Paul Bubny