Cushman & Wakefield Brokers Sell Industrial Property In Woodhaven, Queens For $2.975M

The industrial property located at 103-21 98th Street in Woodhaven, Queens has been sold in a closed transaction. The property spans a total of 9,000 square feet and was sold for a record-breaking price per square foot of $331, totaling a sale price of $2,975,000. This sale sets a new benchmark at $333 per square foot in Ozone Park, Queens. The property was acquired by a user operator.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $2,975,000
• Property Size: 9,000 square feet
• Price per Square Foot: $331
• Market: Woodhaven, Queens

The sale transaction was facilitated by the real estate brokerage firm Cushman & Wakefield. The seller, Vincent Gaudino, enlisted the services of brokers William Diana, Dylan Walsh, and Jeremy Previte from Cushman & Wakefield to represent him in the deal.

This record-breaking sale highlights the strong demand for industrial properties in Ozone Park, Queens. The buyer, a user operator, recognized the value and potential of the property, leading to a successful transaction.