News: Brokerage

Wechsler, Tropp and Tortorici of Ariel Property Advisors broker $1.025 million sale; Seller was the N.Y. Psychotherapy and Counseling Center

220-05 Jamaica Avenue - Queens, NY 220-05 Jamaica Avenue - Queens, NY

Queens, NY Ariel Property Advisors has closed on the sale of 220-05 Jamaica Ave., a 5,600 s/f commercial building with a full basement in Queens Village. The site sold for $1.025 million, which represents $183 per s/f.

Flexible zoning allows for retail, office, and residential use.

Exclusive agents Daniel Wechsler, Daniel Tropp, and Michael Tortorici, represented the seller, The New York Psychotherapy and Counseling Center.

The property is located on the North side of Jamaica Ave. between 220th St. and 221st St. in Eastern Queens, two blocks from the Queens Village Long Island rail road station.

Ariel Property Advisors is a commercial real estate services and advisory company located in New York City. The company covers all major commercial asset types throughout the New York metropolitan area, while maintaining a very sharp focus on multifamily, mixed-use and development properties. Ariel’s Research Division produces a variety of market reports that are referenced throughout the industry.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
A guide to finding the right NYC property management company - by Sanjay Gandhi

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
Positive forecast for New York’s pro-housing push? - by Philip Butler

Positive forecast for New York’s pro-housing push? - by Philip Butler

New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of