Adelaide Polsinelli, Vice Chairman of Compass, a publicly traded, technology-driven, real estate platform, and Thomas Donovan, Vice Chairman and Partner at B6 Real Estate Advisors along with Directors Andy Chen and Tommy Lin, have been hired to market for sale an exceptional development site on Northern Boulevard, in Flushing, one of Queen’s most vibrant neighborhoods.
The property is located at 144-28/144-36 Northern Boulevard on the south side of Northern Boulevard between Parsons Boulevard and 147th Street. This prime Northern Boulevard site is zoned R6 with a C1-2 commercial overlay and offers a developer the potential to build +/-68,971 square feet with the community facility bonus.
Flushing is served by five railroad stations on the Long Island Railroad Port Washington Branch, as well as the New York City Subway’s IRT Flushing Line #7 line, which has its terminus at Main Street. The intersection of Main Street and Roosevelt Avenue is the third busiest intersection in New York City, behind Times and Herald Squares. The immediate area is a popular destination for tourists and locals.
The property is ideally located in a rapidly expanding market. With an influx of office, hotel and retail developments all set to have a substantial economic impact. Several new residences are in the pipeline for downtown Flushing and will further contribute to increased foot traffic and sustained demand for new amenities, workspace and retail destinations.
“This exceptional property offers generous frontage and visibility on Northern Boulevard making it ideal new condo development”, Polsinelli commented. “This is one of the last sites of its kind offering developers, a unique situation for not only residential but also retail, medical, educational and office uses,” Polsinelli concluded.
About Polsinelli:
With over 30 years of experience, Polsinelli has sold over 1,500 properties, valued at over $40 billion in every asset class including multifamily, retail, office, development, note sales, air rights, partnership interests, unsold shares and retail condos. She has sold over $1.5 billion in the last few years, spanning NYC, Miami, Boston, Chicago and most of the northeast corridor. Prior to joining Compass, she was a principal at the now defunct, Eastern Consolidated.
About Team Donovan:
With over 25 years of investment sales experience, Mr. Donovan and his team has sold over 625 properties in the New York Metropolitan area, valued at over $2.5 billion in every asset class including multifamily, retail, office, development, note sales, air rights, partnership interests, unsold shares and retail condos. Prior to joining B6 Real Estate Advisors, he was Vice Chairman in the Capital Markets group at Cushman & Wakefield, and Partner at Massey Knakal Realty Services. He is currently on the REBNY Commercial Board of Directors.
About Compass: is a technology-driven real estate platform dedicated to creating a seamless and intelligent buying, selling, and leasing experience. Combining the country’s top agents, proprietary market insights, and integrated mobile and web technologies, Compass is developing the future of real estate decision-making. With $1.95 Billion in revenue, and $77 Billion in sales volume, Compass has 238 offices with locations in 122 markets, including New York City, Washington DC, Boston, Miami, Los Angeles, Santa Barbara, the Hamptons, and Aspen. New funding fuels international expansion, enhanced technology developments for agents and consumers. Compass was founded by Ori Allon, who sold two previous companies to Google and Twitter, and business partner Robert Reffkin, a former White House Fellow and Chief of Staff to Goldman Sachs’ President & COO.
About B6 Real Estate Advisors: B6 stands for Building by Building, Block by Block™. More than a tagline, it’s a philosophy that says each commercial real estate property is unique. And to unlock a property’s true value requires granular-level knowledge of all the factors that make it distinct. B6 Real Estate Advisors caters exclusively to owners. Co-founded by a team of industry veterans and some of the most innovative thinkers in the business, we provide a truly 21st century experience. B6 offers transparency, efficiency, and a serious tech edge for these hyper competitive times—where having human intelligence backed by hard data translates into investment returns. Our proprietary Advanced Broker Ecosystem™ combines our deep territory expertise with powerful analytics and a technology-forward platform to deliver the highest value, best financing terms, and a superior transaction experience for commercial real estate owners. Headquartered in Manhattan, with agents also serving Brooklyn, Queens, Bronx, Staten Island and New Jersey, B6 is the market authority in the New York Metropolitan area.
