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Meridian Capital Group Represents Butnick Family In $19M Sale Of Forest Hills Mixed-Use Property

Property Image
SOLD
$19,000,000
David Schechtman
Cary Pollack
Abie Kassin

New York

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Mixed-use63,074 SF
Sold 01/01/2023
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Property Image
SOLD

Meridian Capital Group Represents Butnick Family In $19M Sale Of Forest Hills Mixed-Use Property

108-50 71st Avenue

See Similar Deals
Mixed-use63,074 SF
Sold 01/01/2023
David Schechtman
Cary Pollack
Abie Kassin
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$301
Total Square Footage:63,074 SF
Transaction Type:Sale

The Butnick Family has sold a mixed-use elevator building located at 108-50 71st Avenue in Forest Hills, Queens. This transaction marks the first sale in over 50 years for this property. The building spans 63,074 square feet and was sold for a total price of $19,000,000. The sale price per square foot is $301.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $19,000,000
  • Address: 108-50 71st Avenue, Forest Hills, Queens
  • Market: Forest Hills, Queens
  • Square Footage: 63,074
  • Seller: Butnick Family

The transaction was facilitated by the Meridian Capital Group, with David Schechtman, Abie Kassin, Cary Pollack, and Lipa Lieberman representing the seller. Their expertise and negotiation skills played a crucial role in the successful sale of this property.

Players

Abie Kassin
Meridian Capital Group
Abie Kassin
52 deals$1.6B volume(212) 468-5909
BROKER
Cary Pollack
Meridian Capital Group
Cary Pollack
20 deals$1.1B volume(212) 612-0255
BROKER
David Schechtman
Meridian Capital Group
David Schechtman
68 deals$1.8B volume
BROKER

Details

SOLD
IMAGE: David Schechtman, Lipa Lieberman & Cary Pollack DATE: 01/01/2023 ADDRESS: 108-50 71st Avenue MARKET: Forest Hills, Queens ASSET TYPE: Mixed-Use SELLER: Butnick Family BROKERS: David Schechtman (@Team.Schechtman), Abie Kassin, Cary Pollack & Lipa Lieberman - Meridian Capital Group (@Meridian.Capital.Group) SALE PRICE: $19,000,000 SF: 63,074 ~ PPSF: $301 NOTE FROM BROKER: This was the first sale in 50-plus years for this Forest Hills mixed-use elevator building

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