News: Brokerage

Preuss of Cushman & Wakefield retained to sell mixed-use building in Queens

Queens, NY Cushman & Wakefield has been retained on an exclusive basis to sell a mixed-use building at 9931-9933 Corona Ave., located on the northeast corner of Corona Ave. and 102nd St. in the Corona neighborhood. The three-story building contains approximately 5,930 s/f, offers approximately 9,200 buildable s/f (as of right) and sits on a 50’ by 92’ lot. It is currently comprised of two retail units, three residential units, one accessory unit and a garage/storage space. “A very desirable corner mixed-use building in the heart of Corona with development potential will surely demand a large amount of interest especially due to its close proximity to the main corridors of Roosevelt Ave. and 108th St.,” said Cushman & Wakefield’s Stephen Preuss who is exclusively marketing this property. The property benefits from great visibility and can be conveniently accessed via the 7 subway line at the Roosevelt Avenue station. Nearby amenities include the NSA Supermarket across the street, international dining options along Roosevelt Avenue and outdoor spaces like Louis Simeone Park.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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.
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their