Malachite Group Acquires Commercial Building In Queens, New York For $9.6M

The commercial building located at 33-15 56th Street, 33-16 57th Street, and 33-18 57th Street in New York's Queens market has been sold for a price of $9,600,000. The property spans a total of 28,000 square feet.

Summary of transaction details

• Property Type: Commercial building
• Transaction Amount: $9,600,000
• Address: 33-15 56th Street, 33-16 57th Street, and 33-18 57th Street
• Market: Queens, New York
• Seller: Vernon Real Estate Group
• Buyer: Malachite Group - Malekan
• Brokers: CPEX Real Estate (Timothy King) and Dimitri Venekas
• Square Footage: 28,000

The transaction, which took place on November 7, 2017, involved Vernon Real Estate Group as the seller and Malachite Group - Malekan as the buyer. The deal was facilitated by brokers CPEX Real Estate, represented by Timothy King and Dimitri Venekas.