Eastern Consolidated has been retained as the exclusive agent to market for sale Bulova’s New York headquarters at One Bulova Avenue, also known as 26-15 Brooklyn-Queens Expressway, in Woodside, Queens for $30 million.
The famous watch and clock maker is moving its operation out of the building and has leased the 33,000 s/f 29th floor of the Empire State Building.
The existing 93,000-square-foot corporate headquarters in Queens is comprised of a 55,000-square-foot warehouse and a 38,000-square-foot, two-story office building with a retail component. The campus also includes two surface parking lots, which hold more than 200 cars.
The property includes significant unused development rights of ±60,000 square feet which can be utilized to expand the existing structure or redevelop the entire 151,000 s/f development site.
“One Bulova Avenue has served as Bulova’s New York headquarters since 1986 and became a fixture of the City’s manufacturing industry,” said Brian Ezratty, vice chairman and principal at Eastern Consolidated, who along with principal and executive managing director David Schechtman, senior director of financial services Gary Meese, and associate director Abie Kassin exclusively represents ownership.
“This three-acre campus with ample parking is a rare offering and a great opportunity for development as-of-right into a versatile corporate compound.”
Added Schechtman: “The environmentally clean campus has an unparalleled location, just steps away from the Brooklyn-Queens Expressway and a five-minute drive from LaGuardia Airport.”
The warehouse building features 16-foot ceilings, a factory/repair center, and a loading area with seven loading docks and 13.6-foot garage doors. The office building is comprised of open workstations, perimeter office spaces, and a retail component.