Share on FacebookTweet about this on TwitterEmail this to someone
Share on FacebookTweet about this on TwitterEmail this to someone
Photo: courtesy of Cushman & Wakefield
Photo: courtesy of Cushman & Wakefield

A local labor union reportedly doled out more than $4 million to buy a College Point office building, it was announced on Tuesday.

A College Point-based company RJB Realty LLC sold the building at $200 per square foot to Astoria-based labor union Excavators Union Local 731. Stephen R. Preuss from Cushman & Wakefield acted as a broker in the transaction.

 

Located at 14-29 112th St., right on the corner of 112th Street and 14th Road, the two-level building contains approximately 21,058 square feet. The property features up to 14,002 square feet in air rights.

The $4.2 million building sits within an M1-2 zoning district, which includes light industrial use.

The property is located in close proximity to the Whitestone Expressway and the Cross Island Parkway, as well as the
College Point Shopping Center.

“We received a strong amount of interest […],” Stephen R. Preuss said. “Despite a few drawbacks with the property,
we were still able to achieve favorable pricing of approximately $200 per square foot.”

QNS reached out to Local 731 for comment and is awaiting a response.

 

Comments:

Join The Discussion



Related Stories
Op-ed: Queens real estate market is still heating up
Op-ed: Queens real estate market is still heating up
A new 17-story Ridgewood building is on the market for $35M before it’s even built
A new 17-story Ridgewood building is on the market for $35M before it’s even built
Popular Stories
Photo courtesy of Food Network
Astoria chef scores $10,000 after winning Food Network’s 'Chopped'
Photo via Public Domain
Whitestone man arrested for stealing car parts from vehicles throughout Queens
Photo via Google Maps
Nine arrested as cops bust an illegal club operating out of a Maspeth warehouse


Skip to toolbar