142-28 38th Avenue | Shirokia Tower: Bankruptcy Auction

Flushing, NY

Sold

$25,000,000

OVERVIEW

LOCATION:
142-28 38th Avenue, Flushing, NY 11354

Neighborhood: Flushing

Asset Type: Mixed Use

Square Feet: 53,200

Stories: 11

Residential Units: 23

Commercial Units: 4

 

Description

BANKRUPTCY AUCTION:

142-28 38TH AVENUE | SHIROKIA TOWER

 

 

11-Story Elevator Building | 53,200 Sq. Ft 23 Vacant Residential Units

Vacant Ground Floor Retail Community Facility | Garage With 30 Parking Spaces

 

 

AUCTION DATE: July 12th, 2017 11:00am

AUCTION LOCATION: Fox Horan & Camerini LLP, 825 3rd Avenue, New York, NY 10022

 

Ownership Requesting Proposals For Stalking Horse Bid

Property Can Be Purchased in a Private Sale Prior to Auction

 

Besen & Associates, as exclusive agent for ownership, is pleased to offer for sale 142-28 38th Avenue, Flushing, NY 11354 (the “Property”), located between Bowne Street and Union Street in the Flushing section of Queens. 

 

  • 11-story mixed-use elevator building on a 50’ x 200’ parcel

  • 53,200 Sq. Ft.; 2009 Construction

  • The building consists of:

 

- 23 vacant residential units (32,360 Sq. Ft.)

- 1 ground-floor vacant retail unit with mezzanine (11,350 Sq. Ft.)

- 3 second floor tenanted community facility units currently combined into one (9,500 Sq. Ft.)

- 30 parking spaces in a gated underground garage.

 

 

  • The residential tower has a lobby with security desk and condos feature wood flooring, granite countertops, GE stainless steel appliances, Kohler  bathroom fixtures, 10.8’ ceiling heights, balconies and/or terraces, in-unit washer/dryers and video/audio intercom system.

  • Unit mix: fifteen 2-bed/2-bath units, seven 3-bed/2-bath units and one 5-bed/4-bath penthouse duplex unit

  • Ground-floor retail space has 22’ ceilings and a mezzanine. The second floor community facility is accessed by a private elevator.

  • The subject property’s block is 5020. Individual commercial and residential units occupy lots 1201 through 1227 and parking spaces occupy lots 1228 through 1274.

 

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