{"id":1004155767,"date":"2016-10-17T07:54:59","date_gmt":"2016-10-17T15:54:59","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004155767"},"modified":"2020-04-16T02:14:39","modified_gmt":"2020-04-16T10:14:39","slug":"cushman-wakefield-arranges-sale-of-college-point-property-in-queens","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-sale-of-college-point-property-in-queens\/","title":{"rendered":"Cushman &#038; Wakefield Arranges Sale of College Point Property in Queens"},"content":{"rendered":"<p><em>By Ioana Moldovan<\/em><\/p>\n<div id=\"attachment_1004155783\" style=\"width: 264px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/14-34-11thstreet.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004155783\" data-attachment-id=\"1004155783\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-sale-of-college-point-property-in-queens\/14-34-11thstreet\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/14-34-11thstreet.jpg\" data-orig-size=\"333,393\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Ioana Moldovan&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1476722745&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"14-34 11thstreet\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/14-34-11thstreet.jpg?w=333\" class=\"wp-image-1004155783 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/14-34-11thstreet.jpg\" alt=\" 14-34 110th Street\" width=\"254\" height=\"300\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/14-34-11thstreet.jpg 333w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/14-34-11thstreet.jpg?resize=254,300 254w\" sizes=\"auto, (max-width: 254px) 100vw, 254px\" \/><\/a><p id=\"caption-attachment-1004155783\" class=\"wp-caption-text\">14-34 110th Street<\/p><\/div>\n<p><strong>New York<\/strong>\u2014<a href=\"https:\/\/www.cushmanwakefield.com\/\" target=\"_blank\" rel=\"nofollow\">Cushman &amp; Wakefield<\/a>\u00a0recently closed a $16 million deal for 14-34 110<sup>th<\/sup>\u00a0St., a 34-unit, mixed-use property located on the College Point waterfront in Northern Queens. Sam Chang of WV Marina Properties LLC is the buyer, while the seller, 110<sup>th<\/sup>\u00a0Street Commons LLC, was represented by Cushman &amp; Wakefield&#8217;s Stephen Preuss,\u00a0executive director, along with\u00a0Denise Prevete, senior associate, and\u00a0Kevin Louie, associate.<\/p>\n<p>The seven-story, 69,918-square-foot waterfront property\u00a0offers studio, one- and two-bedroom luxury units featuring high-end finishes including granite countertops and stainless steel appliances. Building amenities include a gym, laundry rooms, a storage room, a roof deck and outdoor terraces. Additionally, 14-34 110<sup>th<\/sup>\u00a0St. features two floors of commercial office space, 95 parking spaces and marina rights for up to 50 boat slips. The price per square foot was listed at $228.<\/p>\n<p>\u201cAt approximately 70,000 square feet and a final asking price of $16 million, this closing represents the largest and highest <a href=\"https:\/\/www.commercialsearch.com\/news\/deals\/\" target=\"_blank\">property sale<\/a>\u00a0for the College Point marketplace over the past several years,\u201d said\u00a0Preuss in prepared remarks. \u201cThe waterfront was substantially improved by this property, especially with the 25,000 square feet of commercial space helping to fulfill the need for functional and accessible offices in the area. We\u2019re looking forward to seeing how the waterfront will continue to transform,\u201d he added.\u00a0The new owner plans to sell the remaining residential units and use the riparian rights for a marina concept.\u00a0Located on 110<sup>th<\/sup>\u00a0Street, between 14<sup>th<\/sup>\u00a0and 15<sup>th<\/sup>\u00a0avenues, the\u00a0property\u00a0is situated at the intersection of the East River and Flushing Bay, across from LaGuardia Airport and Rikers Island.<\/p>\n<p><em>Image courtesy of Cushman &amp; Wakefield<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 34-unit, mixed-use property&#8217;s final asking price was $16 million. <\/p>\n","protected":false},"author":1087,"featured_media":1004155783,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21752,1600,21742,10],"tags":[],"class_list":["post-1004155767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-mixed-use","category-new-york","category-latest","category-northeast"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cushman &amp; 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