Watermark Capital Acquires Ground Lease In Flushing, Queens For $18M
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This Development Site property located in NY was leased about 3 years ago. The brokers of the deal were Daniel (Dan) Kaplan, John Reinersten, and Justin Arzi
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- Location13825 Barclay Avenue, Flushing, NY 11355, USA
- Area12,400 SF
- Asset TypeDevelopment Site
- Parties3 Brokers, 1 Agency
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Deal Summary
GROUND LEASE
IMAGE: Justin Arzi, Dan Kaplan & John Reinertsen
DATE: 02/26/2021
ADDRESS: 138-25 Barclay Avenue
MARKET: Flushing, Queens
ASSET TYPE: Development Site ~ ZONING: R7-1
BUYER: Watermark Capital
SELLER: St. Michaels Catholic Church
SELLER’S REP: Dan Kaplan, Justin Arzi & John Reinertsen - CBRE
PRICE: $18,000,000
BSF: 42,656 ~ PPBSF: $421
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138-25 Barclay Avenue
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