December 11, 2012 -
Front Section
A class A investment building at 72-32 Broadway, located on the northwest corner of Broadway and 72nd St. in Jackson Heights has been sold in an all cash-transaction valued at $4.195 million. The property is across the street from Roosevelt Ave. subway station.
The 100% occupied, four-story, elevator serviced building is 9,635 s/f and sits on 58' x 69' lot. The ground floor is occupied by four retail venues. The other floors are all occupied by various offices.
"It's very rare to acquire this type of an investment grade property in the neighborhood," said Greiner-Maltz Investment Properties' (@GreinerMaltz) president Swain Weiner who handled the sale.
Greiner-Maltz specializes in the sale of investment and user properties in the New York metropolitan area.