Preuss of Cushman & Wakefield sells 4,500 s/f retail building for $2 million

175-25 Horace Harding Expressway North - Queens, NY

Stephen Preuss, Cushman & Wakefield

Queens, NY A property at 175-25 Horace Harding Expressway North was sold in an all-cash transaction valued at $2 million. The property is located on the corner of 175th Place and Horace Harding Expressway N. in the Fresh Meadows neighborhood. The one-story retail building contains 4,500 s/f and offers 2,339 s/f of additional air rights. The property sits on an 88’ by 100’ irregular shaped lot and serves as a studio for Progressive Martial Arts. The sale price equates to $444 per s/f.

“Horace Harding Expressway is a tremendous location for retail and a rarity in the market for sale. It encompasses multiple strip centers and free-standing buildings, and experiences high traffic volume and great visibility,” said Cushman & Wakefield’s Stephen Preuss who exclusively handled the transaction. “This building features excellent frontage on the corner of 175^th Place in a convenient location just off of Utopia Parkway. With the combination of the scarce supply and upside in both rent and development we were able to raise interest from multiple local buyers.”

175-25 Horace Harding Expressway ideally sits in a highly trafficked area serviced by multiple transportation lines including the Q17, Q30, Q31 and Q88 buses. It can also be accessed via the Long Island Rail Rd., Long Island Expressway, Grand Central Parkway and Clearview Expressway.