LI firm brokers $10.15M sale of Queens condo building
Melville-based A&G Real Estate Partners have brokered the sale of a recently constructed condo building in Flushing.
The seven-story building at 144-69 Barclay Ave. was sold to Sunlight Barclay Tower LLC for $10.15 million at a court-ordered bankruptcy auction conducted by A&G in September and the court has now approved the sale.
Originally completed in 2017 but never occupied, the property known as Barclay Tower offers a mix of five one-bedroom units, 17 two-bedroom units and one three-bedroom unit, ranging in size from 670 square feet to 1,370 square feet. The two-bedroom units include two bathrooms and all but two of the units have balconies, according to a company statement.
The building features a virtual doorman, 17 parking spaces and a rooftop outdoor space.
The new owners plan to make a significant investment to bring the property up to 2022 standards and launch a marketing campaign to sell the individual units, according to Jamie Cote, senior managing director for A&G.
“Following the successful completion of the auction, we look forward to seeing Sunlight Barclay Tower, LLC execute on its plan to get the well-appointed apartments in this attractive, strategically located building into the hands of motivated buyers,” Jeff Hubbard, senior managing director for real estate sales at A&G, said in the statement. “This is a highly desirable area with limited availability of comparable condo apartments.”