A condominium that shares a building with commercial retailers in Downtown Flushing is on the market for a huge price tag.
Cushman & Wakefield announced on May 15 that it’s handling the sale of a condo within 38-25 Main St. The asking price for this condo, which is leased to a shared workspace company until 2020, is $6,800,000.
The 6,817-square-foot commercial condo can be accessed directly through the retail elevators on the 39th Avenue side of Queens Crossing. The condo currently shares space with Paris Baguette, New Mulan Seafood Restaurant and TD Bank and is just two blocks south at Main Street/Roosevelt Avenue subway station and the Flushing-Main Street LIRR station.
The condo is also nearby the Q20A, Q20B, Q44-SBS and the Q48 buses at Roosevelt Avenue.
“This Flushing section of Main Street is one of the highest paying retail and office corridors in all of Queens where retail rents routinely exceed $150 per square foot and office rates can reach $60+ per square foot,” said Thomas A. Donovan of Cushman & Wakefield. “This is a rare opportunity as comparable condominiums of this size are limited. Additionally, condominiums in Downtown Flushing are listed for an average of $1,200 per square foot and above.”