Bankruptcy Sale Of Mixed-Use Portfolio In Flushing, Queens Sells For $29.2M

A mixed-use property located at 41-09 - 41-31 Haight Street in Flushing, Queens was recently sold in a bankruptcy sale. The property consists of 11 buildings, each comprised of 1 commercial unit and 4 residential units. With a total square footage of 75,000, the property offers up to 250 feet of frontage. The sale price for this transaction was $29,225,000, resulting in a price per square foot of $389.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $29,225,000
• Date: 09/14/2020
• Address: 41-09 - 41-31 Haight Street
• Market: Flushing, Queens
• Square Footage: 75,000
• Price per Square Foot: $389

The deal was facilitated by the following brokers: Greg Corbin, Aaron Kline, Chaya Milworn, Brandon Serota, and Elliot Haft from The Corbin Group at Rosewood Realty Group NY, as well as Richard Maltz from Maltz Auctions. The buyer's identity was not disclosed.