Tommy & Julie Truong Acquires Woodside Commercial Building For $3.26M

A commercial building in Queens, Woodside has been sold for a price of $3,260,000. The property, located at 37-55 61st St, spans across a total area of 6,200 square feet. The sale price of $3,260,000 translates to a price per square foot of $526. The building has a total buildable square footage of 14,050, resulting in a price per buildable square foot of $232. The transaction involved the sale of the property for redevelopment purposes.

Summary of transation details

• Property Type: Commercial Building / Redevelopment
• Transaction Amount: $3,260,000
• Square Feet: 6,200
• Price per Square Foot: $526
• Total Buildable Square Footage: 14,050
• Price per Buildable Square Foot: $232
• Seller: Herman Zhou
• Buyer: Tommy & Julie Truong
• Broker: Stephen R, Preuss @teampreuss

The transaction was facilitated by Stephen R, Preuss from the agency @teampreuss. The building was delivered vacant at the time of sale, offering further potential for expansion and development.