Big Commercial Sale in Flushing

avery-avenue-flushing-commercial-sale

A buyer under the name “Avery Group LLC” just purchased a large commercial parcel in Flushing, at the corner of 131st Street and Avery Avenue directly across from the park. According to public records, the buyer paid $6,750,000 for 131-10 Avery Avenue and 131-18 Avery Avenue, and $4,500,000 for 131-24 Avery Avenue and 131-32 Avery Avenue. All four properties make up the one-story white building in the picture above. Zoning allows for a much larger building — the maximum FAR at this site is 4, the building is currently built up to a FAR of 1. That’s a grand total of 86,560 buildable square feet, which makes it look likely the new owner will build up instead of maintaining the four existing spaces. GMAP