Melwani and Goulet of ARM Real Estate Group close $1.84 million sale in Queens

Anand Melwani, ARM Real Estate Group

31-52 Steinway Street - Queens, NY

Alexandre Goulet, ARM Real Estate Group

Queens, NY ARM Real Estate Group has completed the sale of 31-52 Steinway St. in the Astoria neighborhood for $1.84 million.

The two-story, 1,944 s/f retail building (with second floor office accessible only through the retail space) was delivered vacant. The subject property was built in 1930 and is located between Broadway and 31^st Ave., two blocks away from the M and R subway stops.

Anand Melwani and Alexandre Goulet of ARM Real Estate Group represented both parties in this transaction. The seller is Alexandre Geis and the buyer is a Flushing, Queens based investor 31 Steinway 52 LLC.

ARM Real Estate Group has brokered over $250,000,000 of commercial property in Manhattan, Brooklyn and Queens since its inception in 2011. By focusing on off-market deals, ARM has consistently been able to add value to both sides of every transaction through its vast network and in-depth financial analysis.

Tags: Brokerage

Reprint

Previous Story Next Story

Meridian Capital Group arranges 10-year retail lease for Mess at 236 West 10th St.

Manhattan, NY According to Meridian Capital Group, Jordan Langer, Noam Aziz and Carson Shahrabani of the firm’s retail leasing team have arranged a five-year lease at 236 West 10^thSt. in Greenwich Village

Houlihan Lawrence Commercial sells residential development site for $2.1 million

Houlihan Lawrence sells development site for $2.1m

GFP Real Estate signs Knit Illustrated to 4,051 s/f five-year lease at 247 West 37th St.

GFP R.E. signs Knit Illustrated to 4,051 s/f at 247 West 37th St.

The Feil Organization signs 15-year, 46,000 s/f renewal with Thompson Coburn LLP at 488 Madison Ave.

Feil signs 46,000 s/f renewal with Thompson Coburn at 488 Madison Ave.

Cushman & Wakefield arranges 16,051 s/f lease at 125 Broad St. to Harris Trzaskoma, LLP

C&W arranges 16,051 s/f lease at 125 Broad St. to Harris Trzaskoma

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Movers & Milestones

Rosenberg & Estis secures Article 78 victory

Columns and Thought Leadership

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

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,

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

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