Richard Hagopian Acquires Commercial Property On Grand Avenue In Maspeth, Queens For $3.2M

A commercial property located at 54-00 Grand Avenue in Maspeth, Queens has been sold in a recent transaction. The property, with a zoning designation of M1-1, offers a total square footage of 8,465, with a building square footage (BSF) of 8,638. The property was purchased for a price of $3,217,500, resulting in a price per square foot (PPSF) of $380. The buyer in this transaction was Richard Hagopian, while the seller was Frank Doka.

Summary of transation details

• Property Type: Commercial
• Transaction Amount: $3,217,500
• Address: 54-00 Grand Avenue, Maspeth, Queens
• Zoning: M1-1

The buyer, Richard Hagopian, was represented by his broker, while Frank Doka was represented by his own broker. The property has a floor area ratio (FAR) of 0.98 and falls under tax class 4. The lot size is 8,638, and the previous sale of the property took place on February 25, 2009, for a price of $1,725,000. An alteration permit was issued on May 13, 1993, for the property. The lot dimensions measure 140 ft x 60 ft.