Melville-based A&G Real Estate Partners negotiated the sale of a newly constructed condominium building in Flushing.
The seven-story building at 144-69 Barclay Ave. was sold to Sunlight Barclay Tower LLC for $10.15 million in 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 from 670 square feet to 1,370 square feet . Two-bedroom units include two bathrooms, and all but two units have balconies, according to a company statement.
The building includes a virtual doorman, 17 parking spaces and an outdoor space on the roof.
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 A&G Senior Managing Director Jamie Cote.
“Following the success of the auction, we look forward to seeing Sunlight Barclay Tower, LLC implement its plan to put the well-appointed apartments in this attractive and strategically located building into the hands of motivated buyers,” Jeff Hubbard, senior general manager of real estate sales at A&G, said in the statement. “This is a very desirable area with limited availability of comparable condos.”