NEW YORK CITY DEVELOPMENT SITE SELLS FOR $11.3M
NEW YORK CITY — Marcus & Millichap has arranged the $11.3 million sale of an 86,560-square-foot development site in the Flushing neighborhood of Queens in New York City. The sales price equates to $130 per buildable square foot. Steven Siegel, Michael Kook and Michael Helpern, all in Marcus & Millichap’s Manhattan office, represented the seller, a private investor, and the buyer, a local partnership. The property is located on Avery Avenue in Flushing between College Point Boulevard and 131st Street. The site features 339 feet of frontage on Avery Avenue. The property is comprised of four lots currently occupied by one-story retail stores.