Cushman & Wakefield has been retained exclusively to arrange for the sale of 81-34 Baxter Avenue in Elmhurst. It is a mixed-use building at the intersection of 82nd Street and Baxter Avenue. The property consists of 14 rent stabilized apartments with 2 being delivered vacant along with a ground floor retail unit that will also be delivered vacant.
81-34 Baxter Avenue is located in one of the strongest retail pockets of Queens where retail rents exceed $150 per square foot. It is one block south of the 82nd Street 7 train subway station at Roosevelt Avenue, as well as numerous MTA bus lines. Additionally, the E, F, M, R trains are conveniently located and easily accessed via the 74th Street subway station.
A new development across the street will be bringing Target, Starbucks, Chipotle, and a number of additional residential apartments to Baxter Avenue, bolstering the already strong foot traffic the block showcases. Current retailers in close proximity include Chase Bank, Dunkin Donuts, Santander Bank, McDonald’s, Duane Reade, Carvel, UPS, and many more. Elmhurst Hospital is also located across the street.
Being situated on the border of Elmhurst and Jackson Heights, 81-34 Baxter Avenue boasts one of the most ethnically diverse communities in the country. The property is located within walking distance to some of the most authentic international cuisine, as well as the thriving social scene of Roosevelt Avenue.
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