BY BROOKE SINGER
A retail building in the heart of Sunnyside has been sold for nearly $10 million.
Cushman & Wakefield announced on May 18 that it closed on the $9.9 million sale of 43-10/24 Queens Blvd., an 8,521 square foot, single story retail building.
Located on the southwest corner of Queens Boulevard and 44th Street, the building, which offers approximately 43,700 square feet for prime mixed-use development, features 95 feet of retail frontage comprised of eight retail tenants including stores ranging from Dave’s Bagels to Amazon Pharmacy.
“The buyer acquired an exceptional opportunity to benefit from existing cash flow along with the potential for future development,” said Tom Donovan, vice chairman of Cushman & Wakefield. “They recognized that Sunnyside is a great investment as the success of Long Island City has been spilling over into the neighborhood.”
The building is situated within a dense residential area, and is ideally located just blocks from the 46th Street 7 subway station, which is only a 20 minute trip to Grand Central Terminal, and just four miles from the east side of Manhattan.