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Investors line up to purchase $92 million office building in downtown Flushing

Investors line up to purchase $92 million office building in downtown Flushing
Investors line up to purchase $92 million office building in downtown Flushing
Credit: David Margolis

A three-story office building known as the 'Flushing Landmark Building' located in the heart of downtown Flushing is back on the market for $92 million.

The 100,000-square-foot office building has attracted a countless amount of international business investors looking to bring business into one of the busiest and largest Chinatowns in the world. The tenants at the current 41-60 Main Street - Sanford Avenue location includes well-established companies such as MetLife, New York Community Bank, Capital One, Fay Da Bakery and East West Bank.

The current office building owner Jeffrey Wu, is the owner of the international supermarket chain - Hong Kong Supermarket. Wu along with Massey Knakal of Realty Services listed the property for $88 million in the Summer of 2013 before taking it off the market after receiving international interest from potential business buyers in China, Korea and Japan.

Office space in the two major Chinatowns of New York City - Flushing and Manhattan Chinatown has became scarce with potential buyers looking for new development space to purchase in these established business centers of the world. Demand has exceeded the current availability on the market.

For more information on this property and story, visit: http://therealdeal.com/blog/2014/02/18/hong-kong-supermarket-owner-lists-flushing-site-for-92m/