Stephen Vouvoudakis Acquires Maspeth Commercial Property For $3.6M

A commercial property located at 59-01 55th Street in Maspeth, Queens, was recently sold for $3,600,000. The property has a building square footage (BSF) of 7,350, with a price per BSF (PPBSF) of $489. The total square footage (SF) of the property is 7,276, with a price per SF (PPSF) of $495. The property is zoned as M1-1, allowing for commercial use.

Summary of transaction details

• Property Type: Commercial
• Transaction Amount: $3,600,000
• Address: 59-01 55th Street, Maspeth, Queens
• Buyer: Stephen Vouvoudakis
• Seller: Santo J. Lofaso Jr
• BSF: 7,350
• PPBSF: $489
• SF: 7,276
• PPSF: $495
• Zoning: M1-1

The buyer of the property is Stephen Vouvoudakis, while the seller is Santo J. Lofaso Jr. The property has a floor area ratio (FAR) of 0.99 and is classified under tax class 4. The lot size is 7,350 square feet, and the property last sold for $1,350,000 on April 4, 2014. An alteration permit (Alteration 2) was issued on September 21, 2017. The lot dimensions are 73 feet by 100 feet.