Description

ERG Commercial Real Estate is proud to present the recent sale of of 70-17 Cooper Avenue in Glendale, Queens. This building is a funeral home that had been vacant for two years and was previously owner occupied. The seller had sold his business along with the right to sell the property to another funeral home director. In addition, the seller was in the process of being foreclosed on and had limited time to sell before the property would be auctioned off. Despite these circumstances, ERG was able to market the property efficiently and facilitate this sale for a market premium to owner user with future intentions to develop. The final sale price of the property was $2,600,000, which equates to $115 per buildable square foot and $270 per existing square foot.