MARCUS & MILLICHAP BROKERS $10.2 MILLION SALE OF QUEENS DEVELOPMENT SITE

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NEW YORK CITY — Marcus & Millichap has brokered the sale of a 23,000-square-foot development lot in the Flushing neighborhood of Queens. A local/regional development group purchased the property for $10.2 million from a family partnership. Located along Fowler Avenue, the site is five blocks from the intersection of Main Street and Roosevelt Avenue, an area that features retail space and access to the No. 7 subway line and Long Island Railroad commuter rail system. Steven Siegel, Michael Kook and Michael Helpern of Marcus & Millichap’s Manhattan office represented both parties in the transaction.

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