74-09 37th Ave - Office FOR SALE


Jackson Heights, NY 11372
$36,000,000 USD
718-307-6517
74-09 37th Ave, Jackson Heights, NY for Sale
$36,000,000 USD
Office - FOR SALE
1/8
null | 6% Cap Rate

74-09 37th Ave
Jackson Heights, NY 11372


HIGHLIGHTS

  • Heart of Jackson Heights
  • 75% Occupied
  • Newly restored and renovated

OVERVIEW

Cushman & Wakefield is pleased to market for sale, “The Bruson Building”, located at 74-09 37th Avenue in Jackson Heights. The Bruson Building is a prominent office property that has undergone significant transformation since its original construction in 1949. After a devastating fire in 2014, the building was rebuilt and renovated, reopening in 2016. The Bruson Building features a modern design with updated amenities suitable for various office uses. Its strategic location in Jackson Heights provides excellent accessibility and visibility, making it an attractive option for businesses looking to establish a presence in a vibrant community. The property is part of a diverse neighborhood known for its rich cultural heritage and bustling commercial activity. The Bruson Building is not only a functional office space but also a symbol of resilience and revitalization in the area, reflecting the community’s commitment to growth and development. The building is conveniently situated near major subway lines, including the 7 train at the 74th Street-Broadway station, offering quick access to Manhattan and other parts of Queens. The surrounding area features a diverse array of restaurants, cafes, shops, and cultural attractions, providing a vibrant atmosphere for employees and clients alike. Please connect with the brokers of record to request access to the Offering Memorandum.

FOR SALE DETAILS

PRICE

$36,000,000 USD

PRICE/SF

$387 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Bruson Building

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,229 SF

ZONING

R7-1, C1-3

APN/PARCEL ID

01274-0035

ASK ABOUT THIS PROPERTY

Dylan WalshCushman & WakefieldMore Info
718-307-6517

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Dylan WalshCushman & WakefieldMore Info
718-307-6517

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.