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Brokerage
Posted: November 2, 2021
Chang, Portelli and Goldflam of Highcap Group sell 27,000 s/f in Queens for $67 million
Queens, NY Charles Chang, associate broker alongside co-founders, Christen Portelli and Josh Goldflam of Highcap Group LLC, completed the sale of 39-12 to 39-18 Main St. aka 135-33 Roosevelt Ave. in Flushing.
The 27,000 s/f property is one and one-half stories, L-shaped with 64’ of frontage on Main St. and 75’ of frontage on Roosevelt Ave. Formerly owned and operated by Modell’s Sporting Goods since the 1980’s, the building was delivered partially vacant with one tenant, Bank of America.
Chang said, “Main St. rarely has any building trades due to the strong and consistent retail presence with high rents. This opportunity allowed for a new tenant to enter into the vibrant and sought after shopping district”.
The property sold for $67 million, equating to a record breaking $2,400 per s/f.
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