The Reel

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A blog for breaking sales and neighborhood real estate news.

Two contiguous buildings at 87-11/19 Atlantic Avenue, located on the northwest corner of 88th Street and Atlantic Avenue in Woodhaven, Queens, was sold in an all cash transaction valued at $850,000.

The single-story retail building, located at 87-11 Atlantic Avenue, is approximately 2,800 square feet and sits on a 50’ x 100’ lot. The building consists of three commercial units and three garages. The second commercial building, 87-19 Atlantic Avenue, is approximately 3,200 square feet and sits on a  50’ x 100’ lot. It is currently occupied by a car customization business. The sale price equates to $141 per square foot.

“This property is located on a very busy stretch of Atlantic Avenue, which solid upside in the rents,” said Brain Sarath who exclusively handled this transaction with Stephen Preuss.

Click here for press release

Neighborhoods: Woodhaven/ Agents: Stephen Preuss