96-25 42nd Avenue.
NEW YORK CITY–A diverse range of investors are flocking to Queens in search of investment opportunities. The investors, which include developers priced out of other markets and 1031 and retail buyers, are eyeing triple net investment properties, Stephen Preuss, vice chairman at Cushman & Wakefield, tells GlobeSt.com.
There is a lot of interest for commercial properties in the borough as demonstrated by Cushman & Wakefield's marketing of four properties across several submarkets, including 196-25 42 Ave. in Flushing, 116-14 Grosvenor Lane in Kew Gardens and 30-75 Steinway St. in Astoria. The listings highlight robust economic activity in the Queens from a wide range of investors.
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
