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Bruson Building 74-09 37th Ave

92,914 SF Office Building Jackson Heights, NY 11372 $36,000,000 ($387/SF) 6% Cap Rate

Investment Highlights

  • Heart of Jackson Heights
  • Newly restored and renovated
  • 75% Occupied

Executive Summary

Cushman & Wakefield is pleased to market for sale, “The Bruson Building”, located at 74-09 37th Avenue in Jackson Heights. The Bruson Building is a prominent office property that has undergone significant transformation since its original construction in 1949. After a devastating fire in 2014, the building was rebuilt and renovated, reopening in 2016.
The Bruson Building features a modern design with updated amenities suitable for various office uses. Its strategic location in Jackson Heights provides excellent accessibility and visibility, making it an attractive option for businesses looking to establish a presence in a vibrant community.
The property is part of a diverse neighborhood known for its rich cultural heritage and bustling commercial activity. The Bruson Building is not only a functional office space but also a symbol of resilience and revitalization in the area, reflecting the community’s commitment to growth and development.
The building is conveniently situated near major subway lines, including the 7 train at the 74th Street-Broadway station, offering quick access to Manhattan and other parts of Queens.
The surrounding area features a diverse array of restaurants, cafes, shops, and cultural attractions, providing a vibrant atmosphere for employees and clients alike.
Please connect with the brokers of record to request access to the Offering Memorandum.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
92,914 SF
Building Class
B
Year Built/Renovated
1949/2016
Price
$36,000,000
Price Per SF
$387
Cap Rate
6%
NOI
$2,160,000
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
23,229 SF
Slab To Slab
10’
Building FAR
4.00
Land Acres
0.53 AC
Zoning
R7-1, C1-3 - Medium-density apartment house district with lower parking requirements

Amenities

  • Property Manager on Site
  • Restaurant
  • Signage
  • Air Conditioning
Walk Score ®
Walker's Paradise (99)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01274-0035
Land Assessment
$1,350,000
Improvements Assessment
$8,749,888
Total Assessment
$10,099,888
  • Listing ID: 33353744

  • Date on Market: 9/30/2024

  • Last Updated:

  • Address: 74-09 37th Ave, Jackson Heights, NY 11372

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