Meridian Capital Brokers Facilitate $7.9M NNN Retail Sale In Flushing

The property at 146-26 Northern Boulevard in Flushing, Queens, is an NNN Retail with Parking / Long-Term Development asset. The property was sold for $7,900,000, spanning 3,131 square feet with a price per square foot of $2,523 and a capitalization rate of 3.55%.

Summary of transation details:

• Property Type: NNN Retail with Parking / Long-Term Development
• Transaction Amount: $7,900,000
• Market: Flushing, Queens
• Size: 3,131 SF
• Price Per Square Foot: $2,523
• Capitalization Rate: 3.55%
• Brokers: Thomas Donovan, Tommy Lin, Eugene Kim & Abby Todd - Meridian Capital Group

The sale of the property involved a team of brokers from Meridian Capital Group, namely Thomas Donovan, Tommy Lin, Eugene Kim, and Abby Todd, who facilitated the transaction.