Jamaica, New York— May 2018 — Albert Aranbaev of Asset Commercial Realty Group (“AssetCRG”) represented the purchaser, who is a private investor, on this transaction. The deal closed for $5,000,000. Stephen Preuss of Cushman & Wakefield has been retained on an exclusive basis for the sale of 132-10 – 132-16 Jamaica Avenue in Richmond Hill, Queens. Tenant signed a 10 Year Lease with two 5 Year Extension Options. The property is a single-unit commercial building currently fully leased to The New York City School Construction Authority (Board of Education). The tenant is occupying the space as a New York City Public School, District 28 Pre-K Center – Early Childhood. The school moved into the space in November 2014 and put ~$5 Million into renovation of the building. The building is approximately 12,360 square feet, plus the tenant occupies exterior land of ~ 1,000 square feet.
”About Asset Commercial Realty Group, LLC.
Asset Commercial Realty Group LLC (“AssetCRG”) is a Queens, New York-based boutique real estate brokerage company focusing on delivering exceptional value to its clients. AssetCRG’s team currently manages over 2 million square feet of retail assets and the team has closed on an aggregate value of over $130 million worth of deals thus far in 2018. AssetCRG’s leasing team is currently representing over 500,000 square feet of retail and office space in the metro New York area. For more information please visit us at www.assetcrg.com and email at email@example.com.