144-30/32 35th Avenue

Exclusive Sale Retention: BKREA has been retained on an exclusive basis to arrange the sale of 144-30 & 144-32 35th Avenue (“The Property”). Location Details: Prime 118,200 GSF multifamily investment opportunity in Flushing, Queens. Located on the south side of 35th Avenue with a combined frontage of 174 feet across both sites. Site Specifications: Comprises four interconnected 6-story elevator buildings with a total of 116 rent-stabilized units. Residential unit mix: 2 studio units 78 one-bedroom units 36 two-bedroom units Approximately 71% of units benefit from preferential rents; select units can be combined for new market-rate rents upon vacancy. Development Plans: Flushing has experienced significant economic growth, highlighted by projects like the 1.2 million-square-foot luxury Tangram residential tower. Neighborhood Demand Drivers: Vibrant and diverse community with major shopping centers (e.g., New World Map, The Shops at Skyview Center). Proximity to reputable academic institutions, including Queens College and several highly regarded K-12 schools. Opportunity Highlights: Excellent accessibility via I-678 and the Whitestone Expressway via Northern Boulevard (Route 25A), with LaGuardia Airport less than 5 miles away (approximately a 15-minute drive). Located steps from key retail areas, including Northern Boulevard, Main Street, and Roosevelt Avenue. Strong connectivity to Manhattan and Long Island through the Long Island Rail Road at Murray Hill station (0.6 miles away) and the 7 train at Main Street/Roosevelt Avenue station (0.8 miles away), easily reachable by bus along Union Street.Exclusive Sale Retention: BKREA has been retained on an exclusive basis to arrange the sale of 144-30 & 144-32 35th Avenue (“The Property”). Location Details: Prime 118,200 GSF multifamily investment opportunity in Flushing, Queens. Located on the south side of 35th Avenue with a combined frontage of 174 feet across both sites. Site Specifications: Comprises four interconnected 6-story elevator buildings with a total of 116 rent-stabilized units. Residential unit mix: 2 studio units 78 one-bedroom units 36 two-bedroom units Approximately 71% of units benefit from preferential rents; select units can be combined for new market-rate rents upon vacancy. Development Plans: Flushing has experienced significant economic growth, highlighted by projects like the 1.2 million-square-foot luxury Tangram residential tower. Neighborhood Demand Drivers: Vibrant and diverse community with major shopping centers (e.g., New World Map, The Shops at Skyview Center). Proximity to reputable academic institutions, including Queens College and several highly regarded K-12 schools. Opportunity Highlights: Excellent accessibility via I-678 and the Whitestone Expressway via Northern Boulevard (Route 25A), with LaGuardia Airport less than 5 miles away (approximately a 15-minute drive). Located steps from key retail areas, including Northern Boulevard, Main Street, and Roosevelt Avenue. Strong connectivity to Manhattan and Long Island through the Long Island Rail Road at Murray Hill station (0.6 miles away) and the 7 train at Main Street/Roosevelt Avenue station (0.8 miles away), easily reachable by bus along Union Street.