CBRE Arranges $5.2 Million Sale of Retail Property at 65-35 Woodhaven Boulevard in Queens, NY

CBRE today announced the $5.2 million sale of a prime retail property located at 65-35 Woodhaven Boulevard in Queens, NY. Innovative Resources for Independence (IRI), a New York-based non-profit organization that supports people with intellectual and developmental disabilities through quality services and meaningful opportunities, acquired the 9,227 sq. ft. property previously housing a Rite-Aid/Walgreens.

CBRE’s Andrew Jaworski acted as lead agent and worked in collaboration with colleagues Dean Rosensweig, Chris Betting and Jojo Lewis of CBRE’s Manhattan office in spearheading the marketing campaign for the property and represented the seller in the negotiations. Mr. Jaworski was assisted by Stuart Strougo, the property’s managing agent.

“We are thrilled with the competitive process, which resulted in a number of offers,” said Mr. Jaworski. “IRI is an incredible non-profit that provides much needed services to adults with disabilities and the property will be ideally used by the organization to meet the needs of the local community.”

Totaling nearly 10,000 sq. ft. of space, 65-35 Woodhaven Boulevard is located along the highly trafficked Woodhaven Boulevard and offers 21 parking spaces as well as significant off-street parking. In addition to the retail portion on the ground floor, the property also has 2,400 sq. ft. of usable basement space.