The Reel

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A blog for breaking sales and neighborhood real estate news.

A warehouse and office building at 112-20 14th Avenue, located on the corner of 14th Avenue and 113th Street in College Points, Queens, was sold in an all cash transaction valued at $4,800,000.

The two-story property is approximately 35,570 square feet and sits on a 200’ x 250’ lot.  The meticulously maintained block-front building consists of 17,785 square feet of office and storage space on two floors and 17,785 square feet of warehouse space. The ceilings in the warehouse space range from 25’ to 35’. There is a parking lot with gated entry on 113th Street which has approximately 30 spaces and four drive-in garages. The sale price equates to $135 per square foot.

“Through our marketing efforts we were able to attain over a dozen qualified offers for this property and eventually found the perfect user for this building who will use the entire space immediately” said Massey Knakal Director of Sales Stephen Preuss who exclusively handled this transaction.

Click here for press release

Neighborhoods: College Point/ Agents: Stephen Preuss