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Posted: May 31, 2016
Donovan, Kimyagarov, Lin, Kim and Rappa of Cushman & Wakefied retained to sell Sunnyside co-op package
Queens, NY Cushman & Wakefield has been retained on an exclusive basis to sell a package of cooperative units within 45-08 40th St. (39-24 Queens Blvd.) The building encompasses an entire block front on the south side of Queens Blvd. between 39th Place and 40th St. in the Sunnyside neighborhood. The asking price for the package is $7,950,000. The package totals 35 units of which three are free-market, 27 are rent-stabilized and five are rent-controlled. The layout mix consists of two studio, eight one-bedroom, 20 two-bedroom and five three-bedroom units. 45-08 40th St. is a six-story, walk-up apartment building consisting of 113 residential units and ground floor retail. Situated directly across the 7 train line, the property enjoys a convenient 20-minute commute to Midtown Manhattan. In addition, it is close to the Queensboro Bridge, Midtown Tunnel and the Brooklyn-Queens Expressway. Cushman & Wakefield’s Thomas Donovan is exclusively marketing the package with Lev Kimyagarov, Tommy Lin, Eugene Kim and Robert Rappa.
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