News: Brokerage

Djurkovic Investment Properties sells 147-54 Ash Ave. for $2.5 million

Queens, NY Djurkovic Investment Properties has completed the $2.5 million sale of 147-54 Ash Ave., a corner development site located in Flushing.

Jennifer Djurkovic

Djurkovic Investment Properties worked on behalf of the seller, Unitarian Universalist Congregation of Queens. Jennifer Djurkovic teamed up with Douglas Elliman Commercial division’s broker Suiv Lee to complete the sale to the buyer Foxwood Development Corp.

The assemblage, located at the northwest corner contains more than 150 ft. of wraparound frontage along the south side of Ash Ave. and depth of 75 ft. along the 149th St. offering a total site area of 13,750 s/f.

The property is within close proximity to major attractions and amenities, including Citi Field, USTA Billie Jean King National Tennis Center, Flushing Meadows Corona Park, Queens Zoo, Queens Museum, Long Island Railroad, JFK and Laguardia airports  and hospitals, schools, dining and shopping. It is located in close proximity to the 1/2/3 Train, half a mile to 4/5/6 , 7 Train. A/C/E  subway lines, providing direct access to Midtown and the rest of Manhattan.

Djurkovic said, “147-54 Ash Ave. is a rare development opportunity with tremendous potential. It’s location within one of Flushing’s most desirable neighborhoods  and offers developers the  opportunity to create a stand-out religious center.”

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account