June & Youn Realty Corp. Acquires Retail Property In Bayside, Queens For $12M

The property located at 203-15 Northern Boulevard in Bayside, Queens, New York, was recently sold in a closed transaction. The retail asset spans across 5,900 square feet and was sold for a price of $12,000,000, resulting in a price per square foot of $2,034.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $12,000,000
• Square Footage: 5,900 sf
• Price per Square Foot: $2,034
• Address: 203-15 Northern Boulevard, Bayside, Queens, New York

In this transaction, the seller was the Evelyn di Benedetto Family Partnership, while the buyer was June & Youn Realty Corp. It is important to note that the lease for McDonald's, present within the property, is set to expire in 10 years.