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The Main Street Portfolio is located at 3702 MAIN Street, FLUSHING, New York, 11354-4107 in the Downtown Flushing neighborhood, NY, FLUSHING, 11354-4107. The Class K1 Unassigned building features a total of 171,892 Sqft.
There are 35 unassigned spaces for lease in the Downtown Flushing neighborhood, totaling 503,590 Sqft of available unassigned space.
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Stephen R. Preuss of Cushman & Wakefield has been exclusively retained on an exclusive basis for the sale of ‘The Main Street Portfolio’. This opportunity consists of the most dynamic and impactful retail driven portfolio in the entire borough. The package includes six (6) retail focused assets, which currently are leased at an average of nearly 40% of the current market rates, along with significant development rights all located within one block of each other. This Flushing section of Main Street is by far the highest paying retail and office corridor in all of Queens where retail rents routinely exceed $200 per square foot and office rates can reach $80+ per square foot. This is a once in a generation opportunity to capture the best retail and re-development opportunity in the outer boroughs with a true substantial value-add proposition.
The portfolio consists of 171,892 gross building square feet with a total 265’ of frontage on Main Street and 178’ of frontage on 37th Avenue off the corner of Main Street. All buildings are fully-leased with the exception of 135-28 37th Avenue and 37-02 Main Street. The average rental amount in this portfolio is approximately 60% below market rent for this corridor with the majority of the tenants operating in the last term of their lease. This package offers an approximate 317,121 gross buildable square feet and gross 169,429 square feet of current ai
The Main Street Portfolio totals 171,892 square feet.
