BY KIRSTEN E. PAULSON
A 21,058-square-foot corner building located at 14-29 112th St. in College Point is selling for $4.4 million, according to an announcement by real estate firm Cushman & Wakefield.
The industrial and office building is located on a 35,060-square-foot lot and was formerly the site of a medical facility with light industrial activity. The facility will be closing up shop and leaving the premises within the year.
The site is described as ideal for an owner-user. Stephen Preuss, executive director of Cushman & Wakefield, said, “The most common buyers are owner-users — people who will purchase the property and use it for their own business. There’s a lack of usable industrial and warehouse property because a lot of land in Queens is now taken up by residential development sites. Owner-users are the most interested and the most aggressive parties looking at this property.”