Preuss of Cushman & Wakefield to hold foreclosure auction sale of 142-28 38th Avenue

Queens, NY Cushman & Wakefield’s Stephen Preuss, executive director, has been retained exclusively to assist with marketing and conducting a foreclosure auction sale for 100% of the limited liability membership interests in Shirokia Mezz | LLC. The auction will be held on Friday, July 22nd at 2:30 PM at 88-11 Sutphin Blvd. The mezzanine loan encumbers 22 residential units, one commercial unit and three community facility units at 142-28 38th Ave., located between Union and Bowne Sts. in the Flushing neighborhood. The building contains approximately 53,225 s/f on a 50’ by 198.92’ lot and features approximately 47 on-site parking spaces. “We expect a tremendous amount of interest and activity at the auction as the area continues to flourish as an epicenter of Queens development,” said Cushman & Wakefield’s Stephen Preuss. 142-28 38th Ave. is located in Downtown Flushing – one of the fastest growing neighborhoods in Queens as it benefits from its ideal location along the 7 train line and a recent influx of Asian-Americans resulting in immense residential and retail development.