Commercial Property at Queens Boulevard and Roosevelt Avenue Sells for Big Bucks

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

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