Angelo Rigas Acquires Commercial Property On 31st Street, Queens For $6.4M

The commercial property located at 23-67 31st Street in Ditmars - Steinway, Queens, was recently sold for $6,400,000. The property has a total square footage of 7,628, with a price per square foot of $839. It has a building square footage (BSF) of 7,650 and a price per BSF of $836. The lot size of the property is 2,250, with dimensions of 25 ft x 90 ft. The property has a floor area ratio (FAR) of 3.39 and falls under tax class 2B. An alteration permit was issued for the property on October 19, 2017.

Summary of transaction details

• Property Type: Commercial
• Transaction Amount: $6,400,000
• Market: Ditmars - Steinway, Queens
• Zoning: C4-3
• Buyer: Angelo Rigas
• Seller: Halil Todic
• Square Footage: 7,628
• Price per Square Foot: $839
• Buidling Square Footage (BSF): 7,650
• Price per BSF: $836
• Lot Size: 2,250
• Permits: Alteration 3 (10/19/2017)
• Lot Dimension: 25 ft x 90 ft

The buyer of the property was Angelo Rigas, and the seller was Halil Todic. The transaction took place on September 1, 2022.