Cushman & Wakefield today announced that the real estate services firm has been retained on an exclusive basis to market The Slate, an eight-story, 31,693 square-foot mixed-use multifamily building, located at 28-18 Astoria Boulevard in Astoria, Queens. The asking price is $24.5 million.
A Cushman & Wakefield team consisting of Senior Managing Director Stephen R. Preuss, Vice Chairman Thomas Donovan, and Vice Chairman Stephen P. Palmese will be leading the marketing efforts on behalf of the property’s seller, 28-20 Astoria Blvd, LLC.
“With its proximity to the subway and Astoria Ferry, in addition to its easy access to Manhattan, the Slate is located in an ideal residential location,” said Stephen R. Preuss of Cushman & Wakefield. “The high-quality property offers a remarkable opportunity to acquire a luxury condominium building with residential and commercial units.”
The Slate is a newly-constructed, 29-unit mixed-use multifamily building. The property consists of 28 one-bedroom residential units, several with a terrace or balcony, and one commercial unit operating as a medical office called Walk-In GYN Care. Building amenities include a gym, dog run, common outdoor area, underground parking, rooftop deck, virtual doorman, wheelchair access and laundry room. Currently, the building is operating as a rental building and is approved as a condominium. At closing, the property will be delivered as a fully-operating condo.
The Slate is conveniently located two blocks west of the Astoria Boulevard subway station, offering access to the N and W subway lines, and a short walk from the Astoria Ferry, which offers service through LIC, Roosevelt Island, 34th Street and Wall Street. The property is also in proximity to the Grand Central Parkway, Brooklyn-Queens Expressway and the RFK Bridge.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm with 45,000 employees in more than 70 countries helping occupiers and investors optimize the value of their real estate. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
