6344 Austin St
Rego Park, NY 11374
Social Security Administration · Office Property For Sale

Cushman & Wakefield is pleased to announce that it has been retained on an exclusive basis to arrange for the sale of a 16,900 square foot, fully renovated, single-story office building in Rego Park, NY. The entire building is occupied by GSA / Social Security Administration. The property has recently undergone a $2 million renovation whereas the tenant is responsible for $1.5 million of the cost, of which $457,233.54 currently remains and is paid in monthly installments over the remaining 2 years at 7% interest (compounded annually). The property is ideally located, on the south side of Austin Street between 63rd Drive & 63rd Avenue, in a highly dense residential neighborhood and within a short walk to Queens Boulevard and Rego Center. It also enjoys proximity to numerous bus lines, the M & R subway station (25 minutes to Midtown Manhattan), Long Island Expressway, Grand Central Parkway, and Woodhaven Boulevard. This property poses an ideal investment or 1031 exchange opportunity. Inspection of the building must be made by appointment only. Please contact one of our exclusive agents below for additional information.