Michael Lefkowitz Acquires LIC Commercial Property For $19.7M

Located at 39-35 27th Street in LIC, Queens, this commercial property features M1-2/R5B zoning and is situated on a lot size of 7,514 square feet. The property has a building square footage (BSF) of 15,028, with a price per BSF of $1,309. The total square footage (SF) of the property is 28,328, with a price per SF of $695. The property has a floor area ratio (FAR) of 3.77 and falls under tax class 4. The lot dimensions are 75.06 ft x 100.11 ft.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: $19,673,888
• Buyer: Michael Lefkowitz
• Seller: Matthew Weinberger
• Previous Sale Price: $9,100,000 (05/28/2019)
• Permits: Alteration (07/02/2021)

Michael Lefkowitz represented the buyer in this transaction, while Matthew Weinberger represented the seller. This deal marks an increase in value compared to the previous sale price of $9,100,000 in 2019. The property underwent an alteration permit on 07/02/2021.