GREINER MALTZ INVESTMENT PROPERTIES SELLS RETAIL BUILDINGS IN WOODSIDE
A prime pair of retail buildings, located at 50-01 Queens Blvd and 50-18 Roosevelt Avenue, was sold in an all-cash transaction valued at $5,275,000 in Woodside, Queens.
The single story buildings contain approximately 9,330 square feet and sits on approximately a 28,400 SF irregular lot. It consists of a Boston Market and a retail/commercial Laundromat. The property was delivered with tenants in place, and the sale price equates to approximately $562 per square foot and a capitalization rate of 2.9%.
“We received numerous offers on this property. However, the owners were very specific in the terms of the transaction. We were able to find the correct purchaser” said Greiner Maltz Investment Properties President, Swain Weiner, who handled the transaction with Michail Piskun of Greiner Maltz. “Properties of this caliber on main thoroughfare are a rarity to the marketplace”, he explained.
Greiner Maltz Investment Properties specialize exclusively in the sale of investment and user properties in New York, Long Island, and New Jersey.
For additional information please contact Swain Weiner at 718-786-5050 or via email at sweiner@gmipny.com
About Greiner-Maltz
Since 1953 Greiner-Maltz has been engaged exclusively in the leasing, selling, appraising and managing of industrial, commercial, and investment property in Manhattan, Brooklyn, Queens, Long Island, New Jersey, Westchester, and Connecticut. The firms five offices are actively managed by Principals: John Maltz and Sharone Levy in Brooklyn and Queens; Swain Weiner, metro area investments; Tom Attivissimo in Long Island, Raymond Musalo in New Jersey, and Ayall Schanzer in Westchester. www.GreinerMaltz.com