50-01 Queens Blvd-sale

Greiner Maltz Investment Properties just announced the sale of a large commercial property in Woodside, 50-01 Queens Boulevard and 50-18 Roosevelt Avenue. The buyer picked it up in an all-cash transaction coming in at $5,275,000. The site, an irregular lot that’s 28,400 square feet, consists of single-story buildings containing around 9,330 square feet. (The sale price comes out to $562 per square foot.) The buildings are both occupied, by Boston Market and a laundromat, so it doesn’t look like a big new development is coming anytime soon. According to Greiner Maltz President, Swain Weiner: “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.” GMAP

Photo via Google Maps


What's Your Take? Leave a Comment